Why does the price of silver and gold go up?

The more gold and silver that is sold, the more the price goes up. One reason why gold and silver prices have been going up in recent months is that investors see precious metals as a 'safe haven' while the economy is not doing well. That means that a lot of people who had their money in stocks or real estate took their money out and invested it in gold and silver.

Also, precious metals keep their value pretty well when there is high inflation.