Maybe because the Fed has raised interest rates from 0.25 % to 0.5 %. And this might be part of a trend - see the graph (notice the tiny "bump" at the end of the graph?): http://www.tradingeconomics.com/united-states/interest-rate The might elevate it to 3-5 %. If they keep increasing it, then it's pretty much Peter Schiff's prediction. But no-one knows for sure whether the higher interest rates will attract people more into cash or, if that will actually drag people more into the metals (higher interest rates meaning inflation, thus, cash not being a good meas to save, so people will turn to PM's etc.).
Gold and silver have been a bargain the past couple of years. Couple that with people who are now looking to invest their money in a safe haven (because of the paper market troubles)..... as I said at the beginning of this year, 2016 is the year of the return of the Precious Metals Bull (market). .
Just wait till the present oil glut is expended and a world addicted to cheap oil suddenly sees the price of energy skyrocket. Then the cost of extraction will increase at a time ore yields are declining. PMs might do very for a period after that..... ...and then along will come power from fusion reactors and the price of everything will collapse again (except for land and artwork) thanks to plentiful cheap energy.
2016: Return of the Precious Metals Bull Market That said, 2016 has only just started and while I'm sure we will see the usual volatility and we may even see a legit Bear Trap, my gut tells me that by December 2016, there will be little to no doubt remaining that the Bull has returned to precious metals. .
Stock exchange gambling looks bad then that makes Gold looks good. If it keeps up for long, gold will rise a good bit.
