Shounen ai but in a 'cockblocked by censors' way like how Xena and various other 'coded gay' series went.
So you get declarations of 'like/love' and wanting to be with them for always, dying together because they can't live without the other other and so forth. So the subtext is definitely for there for us to textually accept their relationship as canon.
The author wrote Silver Diamond with the intent of it being a Shojo manga. Some characters--namely the two main protaganists--are very close relationally to each other. That is how the author wrote the characters. They were not intended to be actual couples. However, the author does not mind it when fans consider them shonen-ai couples.
This is a shoujou manga or shounen Ai manga? Is there a real couple? Confession? Kiss??