Gold extended its week-long rally on Friday, rising for an eighth consecutive session. The precious metal closed out the week with a gain of 4.4%.

Gold futures for April delivery added 1.4%, rising to $1,318.60 per ounce on Friday, according to CME Group. Gold traded as high as $1,321.50 and as low as $1,299.90. Bullion closed in London at $1,319, according to BullionVault.

Silver futures for March delivery soared 5% to $21.42 per ounce. Friday’s high for silver was $21.44, while the low was $20.45.

Metal funds climbed on Friday.

• The SPDR Gold Shares (GLD) rose 1.3%.
• The iShares Gold Trust (IAU) added 1.3%.
• The iShares Silver Trust (SLV) surged 4.6%.

Mining ETFs gained during the day.

• The Market Vectors Gold Miners ETF (GDX) increased 1.8%.
• The Market Vectors Junior Gold Miners ETF (GDXJ) moved up 3.7%.
• The Global X Silver Miners ETF (SIL) rose 3.2%.

Gold stocks advanced on Friday.

• Agnico-Eagle Mines (AEM) rose 1%.
• Barrick Gold (ABX) moved up 1.2%.
• Eldorado Gold (EGO) inched up 0.6%.
• Goldcorp (GG) added 2.1%.
• Kinross Gold (KGC) increased 1.4%.
• Newmont Mining (NEM) gained 1.4%.
• NovaGold Resources (NG) surged 4.9%.
• Yamana Gold (AUY) moved up 3%.

Silver mining shares improved during the day.

• Coeur d’Alene Mines (CDE) rose 2%.
• Hecla Mining (HL) jumped 4.2%.
• Pan American Silver (PAAS) added 1.1%.
• Silver Wheaton (SLW) climbed 2.6%.
• Silver Standard Resources (SSRI) surged 4.8%.

As of this writing, Christopher Freeburn did not hold a position in any of the aforementioned securities. Adrian Ash of BullionVault contributed to this report.