Is Silver a good hedge against rising Oil Prices ?

As the price of Oil rises, so does the price of Silver and Gold bullion. Recently Oil has risen from about $95 to $105, Gold Bullion has gone from $1,100 to $1420 and Silver from $18 to $37. Percentage wise Silver seems to be the big winner here . Did I miss out on this bullion bull market ? Typically Gold and Silver rise when there is high inflation, but inflation is stuck around zero. So why this steep rise ? I guess as Oil climbs, and Deficits climb the end result will eventually be Massive Inflation.... at some point. So maybe it's not too late. So how does one invest in Silver and Gold ? I owned a few coins (which unfortunately I sold when silver was at $20) so that may be the way to go. I have been tracking the Silver ETF (SLV on the DOW) but noticed that it swings well below the asking price of the bullion and never seems to trade at the highs. So I'm thinking that there is some manipulation there. When you buy an ETF you also pay a commission similar to a Stock Trade. So where is the best place to buy bullion ? I learned that the Canadian Mint produces the finest quality (9999 fine silver) so I visited their web site, entered my address and they emailed me a list of places to buy gold bullion and more specifically the Canadian 1 Oz. Silver Maple Leaf.
I also learned that in the US there is a way to set up a gold IRA
So I'll keep my eyes on the price of Oil and the price of Silver and on any dips in the prices maybe I'll order a few more coins as a hedge for that eventual inflation.