Here's a couple of interesting charts. I compiled it using data provided by the Perth Mint. You cant download the data for yourself from here:
Precious Metals Prices
The above two charts were achieved by taking the (monthly) London Silver Fix (average) and calculating the month on month growth (whether negative or positive). Each green bar represents one month of growth.
The 1970s Silver bull market ran for approximately 9 years.
The bull market we are in now has been running for approximately the same number of years.
The chart shows that the current market has been much more volatile. The large swings to the downside are evidence of that.
The chart from the 1970s shows just how suddenly things can turn where the price went parabolic with very little warning at all.
It is my opinion that we are in/entering the third stage of the current bull market for precious metals. That doesn't mean I think we are near the price peak, but I do think we will see the peak within 12-24 months.
I am in the process of writing a post that explains what I am seeing that points towards this outlook, I should have it up in the next few days.
Disclosure: Positions held in Silver. Not investment advice. Do your own research.