Silver rose to 16.72 dollars an ounce on Tuesday, but the price has increased 40 percent since the beginning of the year.

The price of gold exceeded the key level of $ 1,000 an ounce this week and rose above 5 percent last month, or 15 percent since the beginning of the year, but silver has proved even better than gold.

It can be recognized as a good sign for recovery of the global economy. Gold is usually used as a means of protection from inflation to financial insecurity, while the silver price increase may be due to the increased demand for industrial needs.