Silver and Gold have both been on a tear over the past few months, especially over the past few weeks. Much of this has to do with a flight to any asset other than equities. But more recently I think it has to do with the massive government spending that is going to take place. I posted a chart of M2 a few days ago to show the increase in money supply.
Below is a chart of Silver. As you can see the tide started to shift in late October. Silver stopped underperforming Gold and started outperforming the S&P. It is closing in on $14, which is a key level of resistance. Because of the big run silver has had, I would look for a pullback or a bold push through resistance on $14.
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