However, I see signs of a temporary weakness in silver.
1) The silver stocks at the CME aren't actually going down anymore. They are going upwards (Chart 1).
2) The silver lease rates are actually going down, instead of going up. Historically, when silver lease rates plunge, the price of silver will go down a few months later.
Conclusion: I would be wary about the price of silver. If this trend continues this way, look out below!
Disclosure: I am long PSLV.