New Delhi, Feb. 4 -- Gold and silver traded higher on Wednesday, 4 February, following strong gains in the previous session, as the recent dip in safe-haven assets encouraged investors to accumulate both metals, reviving their upward momentum.

After a 6% rally, the biggest daily gain since 2008, April futures contracts on Comex jumped another $179, or 3.62%, to the day's high of $5,113. With today's rally, prices have gained a cumulative 10%.

Silver prices extended gains from Tuesday's 8% rally, with March silver contracts on Comex climbing nearly 10.5%, or $8.70, to reach a day's high of $92 per troy ounce. With this surge, silver has recovered 20% over the past two trading sessions.

While both metals are attracting strong investor in...