As silver trades near seven-year highs, here’s why investors continue to pile in (CNBC)

But silver has seen even bigger percentage gains in recent weeks. 

“It seems like silver is going for the gold medal,” said Mobeen Tahir, associate director of research at exchange-traded product provider Wisdom Tree. 

The silver spot price, it’s real-time value, reached $29 an ounce last week, according to Reuters data. It has since pulled back slightly but still stands at almost $27 an ounce. This represents a seven-year high and a gain of nearly 39% since mid-July when the precious metal rally got into full swing.