Recently, spot precious metals have performed remarkably well. On January 19, silver surged all the way, directly hitting a new historical high of $93.69 per ounce, with an intraday increase of over 4%. Gold was not to be outdone, with its rally continuing to expand to 2%, currently trading at $4690 per ounce, also hitting a new high. The simultaneous rise of the two major precious metals reflects the market's continued optimism about their safe-haven properties and hedging needs. For traders interested in commodities and alternative asset allocations, this wave of market activity is indeed worth close attention.