Precious metals prices have swung up and down dramatically over the past week, with analysts saying they expect silver to remain volatile.

The price of silver dropped in early February, opening new, more affordable opportunities for investors.

Silver price (XAG/USD) plunged over 10% after two days of gains, trading around $77.00 per troy ounce during the Asian hours on Thursday. Silver prices fall as precious metals face renewed selling pressure and increased volatility.

Steimel was among many on Thursday who stopped by Scotsman Coin and Jewelry in Creve Coeur. The prices of gold and silver are soaring. Gold is above $5,000 an ounce for the first time on Monday. In September, silver was $41 an ounce—now topping $120.

The price of silver has been surging for more than a year. Here's how much it costs per ounce right now.

For Mumbai investors and buyers, the current price environment suggests stability in gold with limited downside, while silver may continue to see sharp swings.

With the prices of gold and silver bullion making all-time highs, many people are thinking about turning grandma’ s sterling silver flatware or grandpa’ s collection of gold coins into