Silver has spent the last 10 weeks forming a wide bottom amid bullish momentum divergences and increasing signs of accumulation:

Click to enlarge

Silver_Daily_2.12.2014

This bottoming pattern also happens to have formed during a period which saw the most depressed public sentiment towards silver in over a decade:

Silver_sentiment

Via The Daily Gold

Meanwhile, the gold/silver ratio has been in a steady channel higher since last September:

Gold_Silver

A breakout above $20.50 in silver could ignite a move back to at least $22 which could in turn send the gold/silver ratio back towards its historical average in the 55-60 range. The signs are increasingly pointing to the idea that silver is ready to play catch up.....