The price of silver is up about 7% on Monday as gold also posted gains following a highly volatile week for precious metals, with analysts expecting prices could soon surge again toward record highs.

Peter Cardillo, chief market economist at Spartan Capital Securities, said in a note gold and silver are “in a consolidation phase, potentially setting the stage for a renewed bull run to fresh record highs,” while analysts at ANZ, an Australia-based bank, said investors have “reasserted their long-term bullish views on the precious metal.” #GoldSilverRally #GoldSilverSurge #goldhotsearch $XAG