I know ETFs are theoretically backed by the actual physical metals. But do the ones who created the ETF actually have that metal? I don’t see how you could prove that they do, and an ETF is not just paper.
Is it possible that the ETF price and price for holding the actual physical metal ever decouples? I’m sure that would be a disaster scenario, but it seems to me the value in silver is its actual use case in technologies & electronics. Not just as a paper that says “I own silver”.