Silver to gain along with Silver Queen
In its 2018 Global Outlook, the Canadian bank said its trade recommendation for next year is to go long silver with a price target at $20 an ounce, which is more than a 17% gain from current prices. The analysts are also bullish on gold in 2018, but given silvers 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.