Why it survives thermal shock
Near zero expansion: a part cracks under thermal shock when its hot face grows more than its cold back. With fused silica that difference stays tiny, even under very fast heating, as when metal is poured onto a cold surface.
Insulation: fused silica conducts heat poorly. It keeps heat in the metal and in the launder, which helps where heat retention matters, and shields metal parts behind it.
Dimensional stability: the part keeps its shape and size through heating and cooling, which matters for nozzle bores and stopper rods that have to seal.
Chemical stability and low electrical conductivity: fused silica resists many acids and slags and does not conduct.
Where the limit is
Blasch fused silica withstands up to 3,000 °F (1,649 °C). Above about 1,000 °C, however, the glass slowly starts to crystallize into cristobalite. Cristobalite changes volume sharply when it cools through a lower temperature range, so a part that is cycled repeatedly above 1,000 °C loses the thermal shock resistance it was chosen for.
For long service at high temperature with temperature cycling, mullite or a silicon carbide grade is the better choice. For contact with molten aluminum over many cycles, aluminum titanate lasts longer than fused silica in riser tubes.
Sources
Blasch values: Blasch fused silica material page and product information. Riser tube comparison: Blasch riser tube product information. Glass structure, expansion and devitrification of silica: W. D. Kingery, H. K. Bowen, D. R. Uhlmann, Introduction to Ceramics, 2nd ed., Wiley, 1976.