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Following the collapse of Silicon Valley Bank, gold and silver rallied to their highs of the year, as investors have been concerned about the banking system and have increasingly turned to the precious metals to keep their money safe. The rally saw gold trade as high as $2,060, and silver top the $26 mark. Yet in the past few sessions, there's been a sell-off that's left the prices lower, with gold back down to $2,000 and silver trading at $25.

There was some positive economic data this morning, leading to a rally in the dollar index, which has increased the probability of another Federal Reserve interest rate hike at its May meeting in a few weeks. But does that mean the rally in the metals is over?

Today, I will talk about the recent price action in precious metals, what's causing it, and what to expect in the weeks and months going forward.

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