The silver price is dropped to US$ 22.33 per ounce today. This is lower than the previous support price of US$ 22.75. The main reason for this seems to be the increase in the Treasury bond yields.
When the Treasury bond yields increase it is due to lack of demand for them and because of the prospects of increased interest rates as announced by the Federal Reserve. This increases the price of the dollar and decreases the dollar value of the commodities (in this case precious metals).
The price of silver is much lower here too. But to be honest, I had no idea why the price of silver fell. You wrote beautifully about this.
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