Yes the fact that you have an abundence of algae indicats a lot of nutrients(nitrate,etc) this is common in fairly new tanks and can last up to 6 months depending on a host of factors
The reason you are getting 0 readings is because the algae cells have the nutrients bound up, but until the nutrients level off you will continue to have algae
Silicates mainly contribute to diatom formation and excess slilica is consumed these to will pass.
If you aren't using RO/DI water this may take a long time

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