Silver Skyrockets

Business Insider reports that on Tuesday Silver exploded 7%.

Silver also got a boost from European Union's $860 recovery package aimed at long-term investments.

A market analyst at OANDA said silver is benefitting from a "buy-everything" trend hitting global markets.

"The reopening trade is triggering strong industrial demand for silver and now that the $20 level has been cleared, bullish momentum might not see much resistance until its closer to the $22.50 level," according to OANDA's Edward Moya.