Gold, silver recover some of Wednesday's losses Gold and silver ended the day higher, recovering some of the losses from the previous day triggered by an optimistic outlook on the U.S. economy from the Federal Reserve. Gold for April delivery settled at $1,722.20 an ounce, up $10.90, or 0.64 percent. That slight increase came after a plunge of $77 Wednesday, its biggest one-day drop since September. May silver climbed nearly 3 percent, or $1.019, to $35.661. Silver also had fallen sharply Wednesday, losing nearly 7 percent. Matt Zeman, market strategist at Kingsview Financial, said traders were compensating after the knee-jerk plunge on Wednesday. Crude oil, gasoline futures and heating oil all rose, underscoring worries that the higher gas prices will derail the already-slow economic recovery.