A lot of what shows up on charts has nothing at all to do with humans buying and selling silver, it is a reflection of one computer telling another computer how much paper silver it wants to buy or sell. And, all this with measures in place to shuffle paper quickly enough to cover anything significant that happens in the physical market.
Your s/g/d explanation is spot on - with a few humorous twists thanks to market manipulation. The worthless dollar is still the only widely accepted currency, the gold is floating out to sea apparently, and silver can't be scarce - look how cheap it is! What a world!
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