Silver may average $18.60 an ounce in 2017

NEW YORK (Scrap Register): Silver, platinum and palladium are also seen rising next year from current levels. Swiss bank UBS looks for silver to average $18.60 an ounce next year. 
Analysts suggested silver may largely be driven by moves in gold. Still, “we think silver's links to economic activity via its industrial-demand component should help its relative performance to gold during periods when markets are optimistic about growth and risk.”
Platinum and palladium are seen averaging $1,060 and $755 next year, respectively. 
UBS thinks gold is now looking attractive around these levels and would buy into further weakness, gradually building a long-term gold position. 
The key for gold, UBS said, will be real interest rates, which is the yield on government bonds –traditionally 10-year notes -- minus inflation.