this is from silver axis. their commentary says that silver will have to break through $14 before it can go higher. that's technical analysis for you: silver has to go higher before it can go even higher. but there's a link at bottom if you want more explanation:

I would like to comment on the recent price action in silver. The white monetary metal has apparently broken out of its slumber and now seeks to make a run at the critical $14 level. Breaking through $14 will presumably unleash quite a bit of pent up momentum as well as invalidate the technical pattern of lower highs and lower lows originating in March 2008. A successful breakout would mean a near term target in the $16 range and an ultimate target above $18. On the other hand, failure may reinforce a trading range bound by $14 on the upside and $9 on the downside. The next few weeks are likely to be critical.

Physical Demand Is Where It’s At

On the positive side, silver seems to be getting solid physical demand. Backwardation continues at the LBMA with the shorter forward rates being the most backwarded. This is a sign of substantial demand in the spot market and especially in the case of transactions clearing through the LBMA. On Friday, the LBMA 1-month forward rate was quoted at negative 0.375% (annualized) while the 12-month rate was 0.000%.

http://silveraxis.com/todayinsilver/