The precious metals gold and silver has shined more on Friday, 18 February 2011. Both were traded at their high and had made a very strong positive move at Comex. Silver has made a high of last thirty- two years.

Gold and silver rallied as concerns on Dollar weakness along with the circumstances at the Middle East. At New York Mercantile Exchange, gold futures for April ended with a hike of $3.5 (0.2%) at $1,388.6 last Friday as compare to last week’s closing with a high of 2.1%.

Gold ended higher by 30% in the year 2010. It’s the tenth successive yearly gain for this precious metal. Silver March futures ended up with a hike of $0.73 (3.1%) at $32.52 at Comex.

Silver ended 7.8% high than the last week’s price. In this year silver has gained 5.7% so far in spite of a 9% drop in the month of January. Silver has gained 83.7% in the financial year that ended 2010. In coming months, precious metal prices are expected to continue this march.