I've been watching the gold:silver ratio form a T4 pattern (the technical rules can be found in the lower right hand side of the home page) for a couple of months now. That pattern appears to have broken today.
Silver, like miners, is grossly undervalued right now. Knowing how volatile silver is, the repricing when it comes could be extremely violent.
The historical average is about 20-30 oz. of silver per 1 oz. of gold. Before today it took 70 oz. of silver to buy 1 oz. of gold.
2 months ago