I'm watching Silver tonight too, gold/silver ratio now at 65.  There's an interesting chart  that's been making the rounds on X and it's from a precious metals bug website and posted by James Anderson from SD Bullion.  It shows the overnight silver price index and an intraday silver price index (during USA trading hours).  In looking at this chart it is apparent that silver tends to peak when the red line and the blue line converges.  The only problem is that the blue line is close to $400 and the red line is in the $60s  .  So just with this chart alone, it tends to favor the odds that there's more to go in the coming months (years?).  Besides that, silver just broke out of that 45 year cup and handle that Matt has been showing.  And you know the adage, "the bigger the base, the higher in space."  

And just for fun I made this Weekly chart showing how stretched Silver can get.  It has 36 Week Bollinger Bands and 200 Week Bollinger Bands.  I've marked instances in the past when the 200 Week bands cross above the 36 Week bands and things get wild.  The cross recently happened at silver price $47.  Right now the 4 std. deviation level is $77 on the 36 Week Bollinger Bands (it tagged 4 std. deviations in 2020).  The rate of change (ROC) on that chart hints it can go higher.

One thing I know for certain is that the rally will be harder to trade as volatility increases.  I've attached the CBOE Silver ETFVolatility index, which based on historical comparisons, seems to show that the volatility can go higher.  You've probably read on X that there's a tug of war going on between physical buyers vs. futures contract buyers.  If things get unruly there, backwardation, issues with the SLV ETF itself, and things like that occur (backwardation occurred early October, the Silver spot - SI futures chart) and that increases volatility, along with big upward movements in price.

note: in my silver volatility chart, it should say "Volatility was low this year..."