TD & BMO: Silver at $20 "In its 2018 Global Outlook, TD said its trade recommendation for next year is to go long silver with a price target at $20 an ounce.
The analysts are also bullish on gold in 2018, but given silver’s higher volatility, they see more potential with the grey metal.
“Underperforming silver is set to shine as gold improves amid still low real rates, firm demand, weak supply and higher volatility,” they said."
"The Bank of Montreal (BMO) is the second Canadian Bank has come out recently to support silver, saying the grey metal has more potential than gold in the long-term.
In a recent note, BMO analysts saidt they expect silver prices to rise to $20 an ounce."