Conclusion
Unfortunately, there is not, that I can see, a simple pattern that predicts the next high or low in the price of silver. Markets seldom make it that easy. However, there are patterns that provide valuable information to help illuminate the "big picture" perspective of where the current price of silver lies in the up-down-up-down cycle of prices.
Process
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Examine monthly prices since 1972 - over 40 years. Use monthly prices to see only the "big picture" with important lows and highs.
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List the dates for important lows, and determine the number of months between adjacent lows.
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Look for simple patterns.
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Group One Lows: 8/77, 6/82, 5/86, 2/91, 3/95, 8/98, 5/04, 10/08, 4/13. They are separated by the following number of months: 58, 47, 57, 49, 41, 69, 53, 54. (average 53.5)
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Group Two Lows: 2/93, 7/97, 11/01, and they are separated by 53 and 52 months.
Significant lows are separated by approximately 4.5 years, with rather wide variations. I doubt you can trade this; but, if you are investing for the long term, this indicates that buying aggressively approximately every four to five years should work out fairly well. April 2013 looks like it is at or near a multi-year low.
Big Picture Summary
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Governments spend in excess of their revenues and create ever-increasing debts.
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Central banks create the digital currency to keep the debt machines running, thereby increasing the money supply and inevitably increasing prices.
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Do you remember gasoline at $0.15 along with other goods and services at similarly "unbelievable" prices? Those days disappeared with the huge increase in the number of dollars in circulation, particularly after Nixon severed the link between gold and the dollar in August 1971.
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Silver prices fall until there are few sellers left, rise until there are few buyers remaining, and repeat the cycle.
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Each low to high to low cycle takes roughly 4.5 years. At price peaks, the silver bulls are euphoric, while they are depressed and worried at the lows.
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Ask yourself, "Does now feel like a low or a high in the silver price?"
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About 4.5 years ago there was an important low in the silver price - October 2008.
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About 4.5 years before that, there was another important low in the silver price - May 2004.
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Highs follow lows.
For additional information, read Silver - Keep it Simple! and Silver - A Bipolar Roller Coaster.