ByConor Murray,

Forbes Staff.

A weakening dollar and global uncertainty have pushed gold and silver to fresh highs on Monday, with the price of gold smashing past $5,100 for the first time while silver surged more than 8% to surpass a record $110.

The price of gold is about $5,070 as of 8:30 a.m. EST, slightly down from the all-time high of $5,107.90 the precious metal hit earlier Monday.

The price of silver is $109.68 as of 8:30 a.m. EST, up nearly 8.5% but slightly back from the record $110.92 the metal reached earlier in the day.