When I say Monarchists, I'm not just talking about British Crown Loyalists but the educated and uneducated supporters of Monarchy in general.
People who would have preferred a King if America or any individual colony gained independence.
We see monarchist in Mexico with the establishment of the first Mexican Empire and the Brazilian Empire. Not to mention the several European realms created in the 19th century; arguably the golden age of Monarchy and in the short lived kingdoms in WWI, the last hurrah.
So were there American Monarchists beyond just loyalists before the War? And did the bickering of the Confederation make more or less Monarchists in the American educated elite?
This thread, including a great answer from u/enygma9753, may help provide some clarity on the makeup of Loyalists in the American Revolution and the role they played. Link!