Edit: after doing some more reading on it, it seems like it could just be designed to distract from GME; or it's a very possible situation that has the potential to crash major financial markets.
Possibilities:-
a) It's a pump and dump on SLV designed to prey on the people who missed out on the early gains of GME
b) It's a distraction from the hedge funds (who are shitting hundreds of millions a day whilst this goes on) so that people move on from GME and the hedge funds can recover
c) It's a genuine thing that people have just discovered, unlike the original GME position which has been 18+ months in the making
Possibilities:-
a) It's a pump and dump on SLV designed to prey on the people who missed out on the early gains of GME
b) It's a distraction from the hedge funds (who are shitting hundreds of millions a day whilst this goes on) so that people move on from GME and the hedge funds can recover
c) It's a genuine thing that people have just discovered, unlike the original GME position which has been 18+ months in the making
Hmm. I'd vote for a combination of (a) and (b).