If I bought Silver, it'd have to be silver I could personally hold, not silver held in a vault that I'd "own" a portion of.
Silver would be most valuable if you expected Hyperinflation, or you were a jeweler. In both cases if you don't have it in your possession it's a scam. If we do have hyperinflation you'd never get the silver you "own" in someone else vault, it'd be taken by the bank or the government in a heartbeat.
Some solid due diligance I came across:
https://www.reddit.com/r/wallstreetbets/comments/mbx510/slv_is_a_complete_scam_its_a_scalp_trade_set_up
If I bought Silver, it'd have to be silver I could personally hold, not silver held in a vault that I'd "own" a portion of.
Silver would be most valuable if you expected Hyperinflation, or you were a jeweler. In both cases if you don't have it in your possession it's a scam. If we do have hyperinflation you'd never get the silver you "own" in someone else vault, it'd be taken by the bank or the government in a heartbeat.