Silver prices reached a new high this week when delivery prices for December hit a level they haven't been at in more than two and a half years. A weaker dollar has been one major driving factor that's boosting the price of silver and other precious metals.
Silver prices for December delivery rose 70.5 cents, or 2.7%, to $26.748 an ounce — its best closing price since March 2008. Its highest intraday price on Friday was 8.5 cents away from $27 an ounce. Silver gained $2.184 this week following an increase of $1.446, or 6.3%, last week. It has soared 59% this year.
The November gold contract on the New York Mercantile Exchange closed yesterday at $1,409.80 an ounce -- up $7.The current silver contract on the "NYMEX" closed at $28.90 an
