no change here. Bitcoin has devastated this asset:
https://www.goldbroker.com/en/news/paper-silver-market-250-times-size-physical-silver-market-526
What would you think happens when the 'tie' breaks, real is real, paper is worthless.
Think of a scenario, let's say a position of metric ton of pure silver. Will have some value
They can always paper over the paper with more paper. Besides, silver is mostly worthless other than as a speculation.