Paper silver is the biggest short position in silver.

Paper silver is the biggest short position in silver. The volume of paper silver is 408 times that of physical silver. If those buying paper silver switch to buying physical silver, the price of silver would not be what it is now. Paper silver provides funds, but the banks selling paper silver don’t use customers’ funds to buy silver; they use it to short silver. So, if people around you are buying paper silver, you must tell them to switch to buying physical silver. The funds from paper silver are used to short silver, not to buy it!