This chart is telling a story now as well, possibly two.
First, today's clear break above the 50dma (first time above since last August), coupled with the RSI moving strongly above 50, suggests that the breakdown in Silver will likely be confirmed as a valid one. Dramatically lower Silver prices to follow?
Second, if a new uptrend emerges/continues in this ratio, we could be in for some turbulent times across a host of markets (commodity, currency, stock, credit) similar to what occurred in 2008...credit crunch part deux perhaps?
Early days in this chart to be sure and still has to clear a few technical hurdles to confirm a turn, but today's 'shot across the bow' commands close attention going forward me thinks...