Interesting Goings On In the Paper Vs Silver & Gold Markets

When looking at the chart of SLV:GLD (ratio of paper ETF silver to  paper EFT gold) compared to the daily chart of $SILVER:$GOLD (Comex Silver to Comex Gold) they tell two different stories.  Paper silver to gold ratio broke out to a new high and was able to maintain it yesterday while silver in terms of gold traded on the Comex was not able to reach a new high and fell back after touching the old high.  So which one of these is going to be right?