This is a HORRIBLE time to invest in precious metals, especially gold and silver. You invest in a medium when prices are low, you don't wait for prices to run to an all time high and then decide "prices are going up, this is a good time to invest."
Too many people who have no idea what they're doing think PMs are a magical investment that automatically goes up every time the stock market goes down. Even worse are those people who keep gold and silver on hand and somehow think it's going to function as a medium of exchange.
A lot of people thought the same way about PMs in the late 70s, and when prices crashed in 1980, they got hosed. In real terms, prices still haven't recovered from that crash.
PMs are the next big economic bubble, and the bubble is going to burst pretty soon, and it's not going to be pretty.