Paper silver only exists to suppress the price of real physical silver. Paper silver just like fiat currency is a claim on nothing and just like fiat it will be worth nothing. The day will come when the holders of paper silver products that for every ounce of physical silver the comex has 200 paper ounces are being traded. When the default happens people will be lucky to be able to cash out the worthless paper silver for fiat and desperately try and find physical silver from retailers and private stackers.
Perhaps another instrument that tracks the price of real silver that is 100% backed will in the future become the standard when referring to the fiat price of silver.
If you hold silver as a investment, pump the paper products and either get some good mining stocks and/or acquire physical metal.
Perhaps another instrument that tracks the price of real silver that is 100% backed will in the future become the standard when referring to the fiat price of silver.
If you hold silver as a investment, pump the paper products and either get some good mining stocks and/or acquire physical metal.