Why are Silver Prices so High?

Silver is at the highest point that it has been all year. We can see what silver has done in the last year by looking at the chart below. Slowly, silver has crept up and up while many investors have been waiting for it to come down. Will it come down? The demand is high with Chinese citizens being encouraged to buy silver in the past months. This could be one of the possible factors of the big increase, and could mean even higher prices for the silver market in the near future.