Silver is back on top as President Donald Trump wins re-election.
The S&P 500 index .SPX rose 2.3% to 2,737.94 on Tuesday.
The index is up 2.9% from the previous session, its best performance in nearly a month.
The Dow Jones Industrial Average DJIA, +0.06% climbed 0.2% to 18,567.94.
The Nasdaq Composite Index COMP, +1.02% rose 2% to 6,852.13.
The Russell 2000 index of stocks edged up 0.7% to 3,726.93.
The average price-to-earnings ratio rose to 1.21 from 1.18.
The Standard & Poors 500 index of small-cap stocks rose 1.4% to 1,928.19.
The tech sector has been particularly strong, surging 23% from a year ago.
The sector is expected to grow to $5.4 trillion in 2020, up from $5 trillion in 2017.
The Federal Reserve also said it would raise interest rates later this year, potentially boosting the economy, though it is not expected to raise them as quickly as some investors were expecting.
Investors should take note that while gold has declined to about $1,500 an ounce since Trump took office, it remains well above that level.
The S&s growth comes as the dollar has surged against the euro.
That’s driven many investors to look for alternatives to gold.
Investors were concerned about Trump’s support of the Trans-Pacific Partnership (TPP) trade deal and his plans to impose more tariffs on Chinese imports.
That has pushed the dollar higher against the greenback.
For investors, the Trump win has been good news.
But investors should keep in mind that a Trump victory will not necessarily mean a better economy.
A Trump presidency could mean a slow economic recovery.
That is because Trump’s economic policies are still very much in the early stages, and the economy is still growing more slowly than it did under the Obama administration.
Silver is currently trading at a 52-week high of $1.17195 per ounce.
It is down about 2% from its high in January, but it is still up over 2% over the last two years.