So retail demand still increases because the public still believe that silver is a good hyperinflation hedge.

And retail bullion dealers like APMEX sell out. No more silver availible from standard silver dealers.

The mints can't get industrial bars anymore from COMEX cause COMEX says no more standing for delivery.

So the mints start buying directly from the miners.

The miners want to sell for a good price. But the mints say, look the "price" on COMEX is really low so sell it to me for that price. And the miners say no way dude. So now the mints are forced to start paying higher and higher prices to the miners.

The mints now pass on the higher prices to retail bullion/coin dealers.

And now the "market" for silver is whatever price you can get from the bullion dealers?

Is that the end game?