The Associated Press put out an article today that copper and silver are moving higher in the face of increasing economic confidence. Metals like Silver and Copper often trend with economic confidence since Copper is very often used in applications like housing, and construction while Silver is a popular component in consumer electronics. A stronger economy is positive news for industries like consumer electronics and housing, and is often seen as a growth signal.
Silver for March delivery rose .61 to 31.03.
Here is Boston.com’s version of the AP article: http://www.boston.com/business/articles/2012/01/17/copper_silver_rise_on_confidence_about_growth/