Silver stockpiles have also slumped in China (Shanghai). China restricts the Chinese to only selling gold to the state an treats silver much the same as gold, and has permitted (regulated) agents through which gold (silver) might be released in Shanghai to the global market - controls the flow and as such can command/direct the price.
With much of the world de-risking USD and SWIFT (US controlled international trade settlements) to adopt gold/silver/independent (separate) trade settlement systems/currencies) that relatively weakens the US/strengthens China (which in turn means the US wont be so easily able to export inflation - print/spend dollars on the like of military might).
"True wealth is your time and freedom" for many they'll be working longer for less and having their freedoms curtailed (digital currencies/virtual ID cards via mobile phone devices activity/movement monitoring). The educated know the value of holding some gold/silver, the uneducated are more inclined to belittle gold/silver.