Silver and gold rose today as reports of a weakening dollar and worldwide inflation pushed investors into buying precious metals. Silver, which has been on an upward roller coaster since the beginning of the year, is creeping back up to highs seen last month as the worldwide markets continue to show high volatility.

Silver prices are topping $18 an ounce currently and gold is shooting past $940. The EU reported that it’s nations saw inflation of 3.6% in month of March making the 15-nation currrency rise to $1.5978 against the dollar. An all-time high!

The dollar also dropped against both the British pound and the Japanese yen. The European Central Bank, in charge of the Euro, unlike the US Fed, will work to curb inflation by not lowering interests rates below 4%.