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.
You havent do your homework dude.
https://images.angelpub.com/2014/08/23250/silver-usage-pie-chart.png
Most of the silver used in industry cannot be recycled.