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Gold and silver are surging

Apr 27, 2015, 23:03 IST

Gold and silver are having a huge day.

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On Monday, gold rallied by more than 2%, or $30 an ounce, to as high as $1,206. It's back above the key $1,200 level for the first time in around a week.

Silver surged by nearly 5% to as high as $16.48 an ounce.

According to Reuters, this could be the biggest one-day pop for both precious metals since January.

Here's a chart showing the jump in gold:

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And in silver:

NOW WATCH: There's a $10 million precious stone hidden in plain sight at Grand Central

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