Here is what AI has to say about that;

The silver price isn't truly "frozen," but it's experiencing extreme volatility and a liquidity crunch due to massive demand (industrial & safe haven), persistent supply deficits, and high borrowing costs (lease rates), leading to physical shortages and some traders halting normal operations, causing a disconnect between paper and physical markets and unusual price behavior, even "freezing" screens during market stress. This reflects a market under stress, with real metal scarcity forcing buyers to pay high premiums or wait, disrupting typical futures pricing, notes CNBC and Investing.com.