There is a difference between the price for a certificate giving you an unenforceable “right” to take possession of a precious metal someone else claims to possess and paying for gold/silver and taking physical possession of it..
The markets are being manipulated with paper trades that are unlikely to be backed by real gold or silver, i.e. empty vaults and promises.
Interesting.. So, there is a ‘false market’ of paper precious metals, not backed by physical metals. Shouldn’t the two be tracked independent of one another? This means the physical value gets short-changed by the stated market value.