Precious Metals Make a Big Comeback

May 18, 2012 1:49 PM EDT
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Precious metals are back in a big way. After getting beaten down all month, gold is moving north again today, extending a rally that began yesterday. The move added $72 to the spot price of gold, lifting it from a low of $1523/oz on Wednesday to $1595/oz. presently. Silver is nearing $29/oz.

Investors get easy access to gold through ETF SPDR Gold Shares (NYSE: GLD) and silver through iShares Silver Trust (NYSE: SLV).

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