It's been a historic week for gold and silver prices. Gold rallied close to nine-year highs, approaching its all-time high of $1,920 an ounce. Silver has also been firing an all cylinders, breaching $23 an ounce this week as it traded near six and a half year highs.Kitco's senior analyst Jim Wyckoff believes that gold's record high is now finally within reach and more gains are likely for both gold and silver.So, what's driving the precious metals right now? Weaker U.S. dollar, falling yields, worries over rising Covid-19 cases and growing tensions between the U.S. and China are all contributing.For what happens next, stay tuned to Kitco.com!