That silver is going to blast higher is also confirmed by Eric de Groot's charts at JS Mineset.

http://jsmineset.com/2010/12/30/jims-mailbox-612/

The Gloves Are Off
CIGA Eric

The talking heads showed no hesitation about pushing fear and doubt for gold and silver in 2011 before the Christmas holiday. At the time silver was in the process of testing upper channel resistance as support. This unbelievably bullish technical setup, an outcome that I had flagged as extremely important in previous commentaries, is hardly the backdrop of doubt and fear.

Yet another example of why investors must develop their own “voice.” The game of money, based on doubt, fear, greed and misdirection, cannot be played on tips or earshot advice.

At one point, I said when upper channel resistance has become support in silver – “The glove come off.”

The gloves are off, people.

Silver ETF (SLV):

When a trend breaks a linear representation, it tends to goe higher-order into what is known as a plateau move.

Silver, London P.M. Fixed: