Good points all but...don't forget, when silver is on a run there is 'inverse decay'. In other words, compounding gains as we saw last time. That's where the real money is made, as multi-day highs jump it up.
Re the Fed and central banks I disagree completley: There has never been a better time since 1913 to bet against the Fed et al. They are being discredited every day, in all their pronouncements and in all the ways they have been caught red-handed. This is part of a paradigm shift in many areas as equities once again become orphans, counter party risk becomes Question One in all financial decisions, and the efforts of centralized planners who have had one failure after another are marginalized, not be the lapdog media and prostituted government, but by the real folks who understand propaganda when they see it.