Silver Re-passes $48

As soon as Bernanke indicated that QE will continue, and the Fed sill views the explosion in commodities as "transitory", silver exploded higher, and has now re-passed $48, last touching $48.16! Silver now looks likely to re-test $50, quite possibly by the end of this week.
The cartel will do their best to paint a double top in the tape at $50, but once silver takes out $50 and then the all-time highs, we are looking at a potentially imminent run to $60-$65. 
We may soon have to re-evaluate our $80 November target for silver. Like Sinclair's $1650 gold, our target just may turn out to be humorously low.
Update: $48.32 and rising, will tonight's Asian session be a repeat of Sunday night?