The rejection of the eurozone bailout plan by Cyprus’ parliament sent gold higher in Tuesday trading.

Under the bailout plan, Cyprus would have seized up to 10% of bank accounts belonging to private citizens in order to finance the bailout. Revelation of the controversial terms led to a wave of outrage and frantic withdrawals. The island nation is facing default, potentially disrupting the euro zone economy.

Gold futures for April delivery climbed 0.4% to $1,611.30 ounce on Tuesday, according to CME Group. Gold traded as high as $1,615 and as low as $1,599. Gold bullion closed in London at $1,614, according to BullionVault.

Silver futures for April delivery dipped 0.1% to $28.82 per ounce. Tuesday’s high for silver was $29.01, while the low was $28.67.

Gold and silver funds mostly rose in Tuesday trading.

• The SPDR Gold Trust (NYSE:GLD) gained 0.4%.
• The iShares Gold Trust (NYSE:IAU) rose 0.6%.
• The iShares Silver Trust (NYSE:SLV) slipped 0.1%.

Gold and silver mining ETFs mostly declined during the day.

• The Market Vectors Gold Miners ETF (NYSE:GDX) edged up 0.3%.
• The Market Vectors Junior Gold Miners ETF (NYSE:GDXJ) fell 0.5%.
• The Global X Silver Miners ETF (NYSE:SIL) declined 0.4%.

Gold mining shares were mixed on Tuesday.

• Agnico-Eagle Mines (NYSE:AEM) climbed 1.3%.
• Barrick Gold (NYSE:ABX) dipped 0.1%
• Eldorado Gold (NYSE:EGO) fell 2%.
• Goldcorp (NYSE:GG) moved up 0.2%.
• Kinross Gold (NYSE:KGC) gained 1%.
• Newmont Mining (NYSE:NEM) rose 0.9%.
• NovaGold Resources (AMEX:NG) dropped 1.8%.
• Yamana Gold (NYSE:AUY) surged 2.7%.

Silver mining shares also were also mixed.

• Coeur d’Alene Mines (NYSE:CDE) inched up 0.1%.
• Hecla Mining (NYSE:HL) tumbled 3.3%.
• Pan American Silver (NASDAQ:PAAS) fell 1.4%.
• Silver Wheaton (NYSE:SLW) increased 0.2%.
• Silver Standard Resources (NASDAQ:SSRI) advanced 3.8%.

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.