That means you should consider investing in silver now before it goes even higher.
In case you haven't noticed, after wallowing around in the mid-20s for months, silver prices have shot back over $30 an ounce.
And thanks to wildly bullish technical and fundamental indicators, silver could soon retest its 2011 high, or even blow through it.
If that happens, silver's run-up will hand investors a fortune, so here's how you can cash in.
Turnaround in Silver/Gold RatioHistorically, the price of silver per ounce has usually been equal to around 1/16th of an ounce of gold,meaning it took 16 ounces of silver to equal the value of a single ounce of gold.
But over the past decade, gold has taken off, trading as high as 60-70 times the price of silver.
That is, until last year. As silver prices rose to nearly $50 an ounce, the ratio fell to 30-1.
But as prices for the white metal settled near $27, the ratio has skyrocketed back up.
Right now, you get 55 times more silver for your money than gold.
But it would still have to triple in price to even sniff where it should be in relation to gold.
And there are signs that this is just what's going to happen.
Strong Signals for Silver Price RallyFrom a technical viewpoint, the rally in silver may be just beginning.
You see, the silver futures markets are in what's known as "backwardization."