This article was originally printed in Numismatic News.
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Revolution in Libya and the worries it spurred about the international oil supply inspired silver buyers to bid up the price of the precious metal to $32.864 a troy ounce Feb. 22 in New York trading.
It had spurted as high as $34.01 an ounce. The metal has not traded this high since early March of 1980, just weeks after the January highs that exceeded $50.
Gold jumped as well to close New York trading at $1,400.50, near the record high set Jan. 3 of $1,422.60 a troy ounce.