My thoughts on this, is that if the valve and cyl are good, and the linkage is tight, and since hyd fluid does not compress easily, in order to cause the cyl rod to compress or retract in the cyl, the fluid and piston is trying to compress air in the cylinder. That to me is the only logical answer I can think of..
When a valve closes off the cyl ports, the cyl should remain stationary, so,
If you are pushing the cyl back, and it returns after you release the thumb, what force would cause the rod to push back with no fluid power, except air. I believe the other side of the cyl has an air bubble, because the valve has shut off all fluid transfer to the bucket. No fluid in or out.
If the linkage is tight, it will by itself not cause the rod to retract. Mechanical linkage can cause damage as I believe Carl in the Power-Trac forum just bent his cyl rod on his Power-Trac., because of a mechanical advantage. Applied more back force than the cyl could take.