Actual newly mined silver is around 1 Billion Troy Oz a Year, Paper contracts are over 400 B Troy Oz.
So an essentially 30 B business becomes well over a 1 T business on paper. Look for the paper trading to go away and silver to find a more stable value.
Yes, my meager stack got started because I had it in Fiat currency in the bank. No matter what holding metal is better than anything else I have the ability to hold (I have some food stocked up too)