It's been a month since I posted a chart showing the 10 yr treasury yield measured in ounces of silver. To summarize: a steady, decade-long downward trend (black trend channel) became notably sharper in 2010 (purple trend channel).
The price action appears consistent with my predictions from a month ago: looks like we're seeing a sharp zig-zag movement towards the upper purple trend line, on course to happen sometime this summer. So, I'm betting silver will trend downwards, or sideways, for another month or two. If this ratio hits the upper purple line, that's when I'll anticipate silver's next leg up.