The biggest red flag of all is what they claim to be - a silver backed token which is having an ICO.

People always invest in ICOs expecting to earn profit from a rise in value, but if the token was actually silver backed the value would stay almost pegged to the price of silver, so the ICO is no more an investment than just buying silver and it doesn't really make any sense...

Seems like anyone with a nice website can get millions from ICOs these days anyway, so it'll be a shame when people realise they've lost all their money.