One very good indicator for higher precious metals prices is the lease rate.
As I predicted here, it was time to buy gold and silver. And now it's completely obvious that they will do good as lease rates are steadily increasing. I doubled my position in silver.
I wish I could show the silver lease rates, but Kitco is cheating on us, their chart only shows a flat line...
But all we need is the gold lease rate and then just extrapolate it to silver lease rates.
Disclosure: I am long AGQ.