Gold is flying to historical levels and silver shines with a record height

Gold and silver prices continued their strong rise during the past week, to record new historical levels and lead the precious metal markets. Gold closed the week at $ 3790 an ounce after its historical climax reached $ 3825 last Tuesday, while silver jumped to $ 46.37, achieving 58.3% since the beginning of the year, despite its remaining historical level of $ 49.82 registered in April 2011.

The percentage of gold to silver decreased to 81.7X compared to a historical average of 69.3X means – according to analysts – that the white metal is still the relatively lowest price than the yellow metal despite the strong performance, which reflects the continuation of the appetite of the investors on silver. The American to 3.8% in the second quarter, which increased the optimism of the markets regarding the continued demand for precious metals as a safe haven. The mining sector data indicates that the shares of gold and silver companies in turn continued to excel the performance of the metal itself, as some funds and indicators specialized in the sector have achieved gains between 70% and 95% during the year.