Silver Jumps 4.4% As Gold Settles At a One Week High

Silver futures rallied Tuesday to their highest level in 11 months and gold settled at a one week high, with the dollar-denominated metals buoyed by a weaker greenback. May silver rose 71.9 cents, or 4.4%, to settle at $16.972 an ounce. Prices haven't settled at a level that high since May 22 of last year. Gold for June delivery rose $19.30, or 1.6%, to finish at $1,254.30 an ounce, the highest since April 12.