If you look closely you can see they drilled or otherwise weakened a section of the wall at the base. He then taps it to break it and it collapses nicely. However, they miscalculated(clearly!) that the remainder of the silo would remain intact i think, expecting it to crumble all the way to the top. Obviously the plan was to fell the thing into the hole and bury it. It just didn't go as planned unfortunately.
One obvious misstep on the operators part was placing the ex where he did. He at least should have made the final blow from the other side of the silo, so when he swung out of the way, the boom would be next to the silo, not the cab.
I have also heard of stave silos dropped using a large caliber rifle.
When we dropped ours we put a heavy rope on the top, more for our own peace of mind as anything. Not sure how much it would help if things went wrong.
Just goes to show you, you can't be too careful.