Silver Gains over 4%

Silver gained over 4% today, finally ending it's upward streak at 34.816, before dropping back to rest at  about 34.500. Now that the $34 barrier for silver has been breached, many people will be watching the market nervously. there is so much upward pressure contained in the physical silver market, that many people (myself included) believe that one the 34 barrier is breached, we may move to $50 very quickly, possibly within a week. Physical silver shortages continue, with large orders continuing to take weeks to fill for central banks. China's announcement of a Strategic Silver Reserve also throws the asian market into the mix, since they are going to want to get as cheap a price as possible. It is that combination, of everyone trying to get a cheap price before the market at large realises that silver is in a state of shortage that may cause the metal to rocket up in the coming months.
I have noticed that at the moment, silver seems to be following a very odd 2:1 ration with gold, ie, if gold falls 1%, silver will fall 2, if gold gains 2%, silver will gain 4. I am not sure how long this correlation will hold, but it definitely demonstrates that there are bigger returns to be made, percentage wise, in silver than in gold.

Finally, for history's sake, i wanted to post these two charts. First, silver rising over 4%

And the second, gold over the same period, putting on only 1.74%

I hope that this is the beginning of the proving of my theory that silver prices are about to shoot through the roof. It certainly makes more sense to believe that silver will hit $60 before gold hits $3000.