Nice to see the buggers squirming for a change. There's no question in my mind a major shift change is underway for Silver. It's no coincidence this (breakout) is happenning timewise in tandem with Sinclair's unusually bullish call on Gold, which proves that Silver is and will be considered a currency in it's own right going forward ("preferred wealth holding asset for the masses" - heck, it's all they'll be able to afford after hopping aboard in Phase III far too late in the game to own real Gold.)

At any rate Managed Money is pouring into Silver in a profound way (see Norcini's chart) and there is nothing that can be done to stop momentum spilling out of a broken TeaCup formation and into the portfolios of the well-heeled. Gold rocketed quickly from $450 to $750 in it's own "tea time" ushering in a "runaway Gold market phase" (in the words of Sinclair) and there's every reason to believe Silver will at long last join Gold in Phase II with equal fervour.

"Comments from August post: Silver has been carving out a massive 3 decade long Cup & Handle formation and is on the verge of finally breaking out from the handle. I think the coming breakout will be as significant for Silver as it was for Gold circa 2005 in that it will complete a huge consolidation and accumulation phase. Gold didn't really take off until it completed it's own pattern breakout and in the process gained market acceptance confirming the bull markup phase was verifiably underway"

Hmmm. Managed Money buys record amounts of Silver (now at $20.50 and rising) as poor man's Gold breaks out of the teacup.