Silver, which also has an industrial bent, eventually caught up to platinum's rise in March, before dropping back a bit. Gold, however, was the laggard.

Detailed price information for Euro/Peru Nuevos Soles (EURPEN) from The Globe and Mail including charting and trades.

Platinum, like silver, has industrial uses and the demand could fall significantly if there is a global recession. Therefore, gold would likely be a better choice in the event of a recession.

Year-to-date, both Gold and silver are up by 30% and 26%, respectively. However, the Platinum steals the show. Platinum has risen by a stunning 40% since January 1. The spike in platinum is recent.

The metals craze is reflected in the numbers: Precious metals are trouncing the US stock market this year. Gold has soared 27.5%, silver is up 24% and platinum has surged a whopping 36%.