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Fundamentally, it can mostly be summed up in three words. The Trump Effect. He has commitments from many companies to onshore their manufacturing. Solar panels, chips, cars... They all need silver in some form or another. Add in other factors such as fast food restaurant automation (thank you Gavin Newsom for pushing that along when you raised the fast food worker minimum wage!) and the +3.8% second quarter GDP along with a +4% GDP foreacst for the third quarter increases silver demand too.
Technically, from the charts, we have the upsloping 50-day-and 200-day moving averages which the big players look at. This increases the upside momentum in price and FOMO (fear of missing out). Plus, the gold-silver ratio has been above 80 for weeks if not months and has stayed above 85 and 90 for a good part of that time. Historically, any ratio above 80 usually means a price increase in silver.
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