Yes.
https://www.jmbullion.com/investing-guide/pricing-payments/who-owns-most-silver-bullion-today/
https://www.nasdaq.com/market-activity/spos/overview?dealId=677366-95467
https://www.investorvillage.com/smbd.asp?mb=4245&mn=748262&pt=msg&mid=13098040
https://library.cqpress.com/cqresearcher/document.php?id=cqresrre1942101700
If you look at the history Warren Buffet was supposedly told to sell his silver at a loss. He is the Oracle of Omaha and 'the' value investor yet couldn't figure that out. The debacle that the Hunt brothers went through should be familiar as the CFTC changed their rules mid play and the Hunt brothers had to watch their fortunes evaporate because they dared to corner the silver market.
JPM is the custodian of the I shares SLV trust. They supposedly have to have physical silver to back their paper shares. Overleveraged to the tune of 500 to 1 as a rough estimate. Tap dancing around their obligations they can have cash for settlement instead. Plus you are trusting an untrustworthy bank to tell you how much silver they have. Who is actually walking into the vault that sits on Manhattan bedrock and counting that silver? The same people who counted our presidential election votes? Because miss-counting can never happen?
We need silver to wage war. Night vision needs silver. Missiles need silver. Remember the green and black screens for cell phones? We used silver to get better displays and then more silver to get brighter displays. Those abandoned airplane hangers full of old cellphones? Yeah we cant get that silver back. We've kept just about every grain of gold we ever found in history. Silver? Nah fuck that we trashed it, cuz its muh 18 to 1 naturally occurring in the erfs. Bitcoin? Those application specification integrated circuit mining machines need silver. Not gold. Silver can not be replaced in its applications. Platinum is supposedly better than gold yet its name Platina means little silver, Plata.
Comstock loade the silver was being shoveled off the ground. We tapped and raped every vein of silver. There is no more 'easy' silver to grab. The premium over spot is to stop you. You cant learn that there is a dwindling supply. JPM can't do a stock split and make more silver. We need a meteorite to hit the earth to get more.
Tldr, yes buy physical.
Edit: maybe too late?
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
(post is archived)