Silver appears to be poking through the 1980 high overseas tonight...
Back then, it was an artificial high brought on by the Hunts, who were trying to corner the market. It crashed back down, eventually, but not before the biggest melt of silver *scrap* (some of it antique) that had been seen to that date.
This is different, but I have that uneasy feeling, since some people seem quite eager to trade silver for paper currency, still.
At this rate, people will eagerly accept any form of stable currency, such as SDRs.
As for that 1% holding metals quoted in the article, that must just be what can be tracked on the exchanges. Many folks have bags of silver coins they have held on to since the 70s, former jewelers, like us, have sheet, wire, casting grain, casting buttons, et al. No authority has a clue as to the individual holdings out there.