If you look at a 5 or 10 year chart of silver, what the price of silver is doing now is moving almost straight up compared to its movements over the last 5 years. This type of movement in financial markets halts abruptly and a reaction (a rest) to too fast of an upward move sets in.
Since the beginning of the gold bull market, very roughly speaking, gold is up about 100%. In just over about 3 years, silver is about 200%.
The high point silver is now probably putting in could very well be the top of a more upward sloping channel than the channel that it has been in since 2003. The new more upward sloping trendline (bottom of a channel) should be the new low of a reaction that has or should set in shortly in silver, and the low that silver put in in the middle of 2005.