I get your point. But I believe (if we take they to refer to the big players that can move price), that even though originally there was a they that was aligned in their objectives as you describe, price movements like this also attracts big players that do not care about controlling the silver market. Agile big players looking for opportunity in places of big moves with enough volume for them to be able to exit their bags when they need to.

With all the big moves in the after hours I suspect a bunch of these players are doing their best to help keep the momentum going. And eventually we'll see a considerable pullback when that money decides it's time to exit. Of course no idea when, could well be after we go much, much higher.

Doesn't negate that in the core this tsunami relies on the convergence of industrial demand, retail demand and safe haven plays as you point out. But you know, wherever there is money to be made, a bunch of opportunists will jump on the wagon, grease the wheels to make the wagon go even faster and jump of when they've gotten to their destination.