David Morgan, aka Silver Guru, talks about a real possibility of a default (or at least a slow delivery) for physical silver delivery above the amount of 30 million ounces.
So swapping your paper silver or cash to physical silver on the market might end at one moment. Eric Sprott had already bought 10 to 20 million ounces of silver for a few times for the PSLV physical silver trust but David Morgan signals that you can’t continue doing this for long as the silver supply is very tight.
Correlation Economics (Backup) 