The end of last week and the beginning of this one saw XAG move higher.
the market chatter was that an operation to drive it higher was in play à la the GME move.
So far the $30 level hit Sunday evening (US time) / Monday morning (Asia time) has been firmly rejected.
XAG/USD has managed to come of its Tuesday lows and pop $27, albeit briefly so far.
The arguments against a surge into the $1,000 region (yes, that was the chatter … a bit over-the-top really) are
an 18% rise in maintenance margin announced by the Chicago Mercantile Exchangea market approximately 200 times bigger than GMEwithout significant hedge fund short interest
I should add for the physical buyers … still solid demand in that portion of the market.