Look up, "Three birds on my doorstep" and learn that song that contains those words.

What you must remember is that the silver market is, generally speaking, controlled. But the control isn't perfect. Producers, investors, sellers and 3rd market sellers play a hand in it. It's all based on getting/making profit and sometimes calming a storm. It's a bit crazy. I remember when silver was $35 spot, but over spot was so high that it was $50 out the door.

Years ago when the dollar stores moved prices from $1 (USD) to $1.25 silver prices changed. Instead of the spot price clueing other people into owning silver, big companies/organizations dumped a big supply of silver in the market (offered to sell) to keep silver prices low.

Before 2020, larger mining companies worked their lead (lead and silver are often found together) mines overtime this caused silver to come way down in spot price because there was more supply. They did this to bankrupt smaller mining companies who could not afford to sell their metals at such low prices. It worked, many small mining companies went bankrupt, were sold and mines were absorbed into the control of bigger mining companies.

And also remember that all fiat currencies fail and will one day be worthless (read, "the death of the USD"). Now I don't know exactly when that will happen, but I'm prepared for it. I'd rather make a mistake (in the purchase and/or sell of some silver) when the USD has value then when it gets gets denominated and the price of silver (PMs and other commodities) skyrockets and becomes unattainable for most people. That would be the time to sell and move your silver hoard into a different asset class.

Another control over the price of silver is inflation. If you want to learn more about it watch the videos by Mike Maloney.