Silver is much more volatile than gold. Typically when we see a weak day for the gold price, silver has a terrible day. Likewise, if we see a strong day for gold, typically silver delivers exceptional performance. Because it's so volatile, we term it the devil's metal.
Today’s “larger-than-expected” quantitative easing program from the European Central Bank will no doubt influence markets for years to come, but one of the most obvious immediate impacts has been the strength in gold.