Don't know if I agree with Clive here - It may be a rising wedge, but it's a big one, with lots more potential upside before any breakdown. Rising wedges are only bearish once the trend line breaks. And yes, silver is underperforming gold, but very much in line with its normal seasonal performance. And seasonally speaking, silver tends to outperform gold from mid-December to mid-February. Weakness ahead of seasonal strength is a pretty good risk/reward situation, methinks. I'm buying silver stocks on weakness.

That said, I do think PM stocks will top out around February, so this is not a real long-term thing for me. I still plan to (hopefully) sell into strength after Christmas.