As of 06:24 GMT, the March silver futures contract on the New York Comex exchange was up 6% to $120.28 per ounce. Earlier on Thursday, the prices renewed their record, rising to $120.518 per ounce.
Meanwhile, as of 06:41 GMT, the price of the April gold futures contract on the New York Comex exchange was up by $279.31 from the previous close, to $5,584.56 per troy ounce. Earlier in the session, prices reached a historic high of $5,625.89 per ounce.
Analysts forecast gold's continued attractiveness for investors.