OK, I can agree with your argument, silver in my opinion has always been undervalued. I'm the kid whose been setting up a table with his dad and selling Morgans and Walking Liberty Dollars at the Golden Nugget Flea Market in New Jersey since 1974.
However, you must agree that history repeats itself. In kind, I must admit; this president, Mr. Obama; has shown a keen sence for knowing history, and to not repeat the mistakes. Pray this situation in Libya gets resolved soon. Still, if Chris Christie gets elected to office, I can assure you that man isn't going allow a war to exist for his children to fight in. He would be like Ronald Reagan, and espcially since the debates between Obama-Christie would be the best debates America would have had between two presidential candidates since the founding fathers hashed out the Constitution.
I think the presidential outcome will have an effect on silver, however I must agree that silver has always in my opinion been worth at least 1/8th the price of gold. It has practical applications in electronics, and I like it when a woman wears freshly polished silver jewelry. It shows she has class and saves her money other wise spent on gold and or donates it to starving children in Japan.