Silver prices settled up 33 cents to $18.77 in tandem with gold while copper closed down 9 cents to $2.90.

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Mining stocks, a more risky but more profitable way to invest in gold , were rising higher. AngloGold Ashanti ( AU) was rising more than 2% to $44.89 while Yamana Gold ( AUY) were adding 2.38% to $10.81. Other gold miners Gold Fields ( GFI) and Randgold ( GOLD) closed at $14.22 and $93.65, respectively.

-- Written by Alix Steel in New York.

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Alix joined TheStreet.com TV in February 2007. Previously, she held positions in film and theater production, management, and legal administration. Alix has a degree in communications and theater from Northwestern University.

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