IMO, this is big players feeding off the new shorts picking-a-top post christmas.
Price goes "too" high (short term), on masses picking up on the physical market, then amature speculators go short "could-a-been smart money" (why 90% of tech savy enabled traders get wiped out) its called leverage...
The huge moves up, need SELLERS.
Thats either profit taking/shifting, or shorts getting blown.
The smart shorts were de-leveraging below $50USD.
The "other" shorts - were/are hedged physically.
Theirs normally a "bear trap" in a bubble, and the bear trap normally forms the first shoulder of the "long-term" head and shoulders pattern.
The other shoulder is normally the bull trap on the other side of the peak.
Why its different this time?
Photography "consumed" silver... 80s top.
Consumer electronics, PC, etc, was sold to "the people"... 2011
Modern Solar and new data centers are company/corporate owned.
Companies need inputs to make products, and EXPENSIVE inuts quell competition/startups.
Its more risky.
higher cost inputs turn into higher consumer costs for data/energy.
One it pays itself off, its both recyclable, AND the prices for the data/energy dont drop.
Higher silver higher data and energy costs forever. And WE dont hold it.
Company asset.
So Is their a bubble forming? ~probibly yes.
how big will the crash be? ~depends how high it goes.
How high can it go?...
Lastly, capital losses.
When the hedges sell their shorts at the top and declair massive capital losses on market price.
They will buy shorts back at the top.
This is a hedge unwind so that they can capitalise on tax.
Id expect it before EOFY. (July 26)