The author of this article agrees with me that the US Dollar (UUP, rated "buy") should continue to climb due to reduced imports such as oil and a strengthening economy. Goldman Sachs also agrees with a forecast of a higher dollar.
How can both the dollar and silver do well when silver is denominated in dollars? If the economy improves, both should do well. In a solid economy, industrial metals like silver do well. Also, global investors are more eager to buy dollars to buy stocks and bonds.
Disclosure: The author is short UDN.