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Silver to continue to outperform — TD Securities

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(Kitco News) Silver is looking at more gains going forward, says TD Securities, citing its safe-haven appeal as well as its industrial component. “[Silver] could continue to outperform — benefiting from both the positive precious metals environment and its industrial characteristics, at a time when its supply may remain constrained. In fact, we expect the silver market to operate at full or even above full utilization as recent volatility in the EFP has created a disincentive for market participants to rid themselves of physical silver,” TD Securities commodity strategists write. As prices head higher, continued CTA buying could lead to even more gains. “We see a fat right tail in silver,” the strategists say. 

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