The real crime? Quite possibly, more than 100% of $GME may be currently owned by investors right now- thanks to shorting more than the available shares. If true, that would be clear evidence of fraud at the highest levels of our market.
Silver is quite the distraction from the real show today.
It's the same idea: you have a synthetic version of an asset trading for the same price of the real asset. If people start demanding the real asset, there isn't enough of it to go around and prices start to rise.
Not saying that's what's going to happen, but it's not absurd.
For example : https://ibkr.info/node/992
If everyone in the market can't undertake delivery, the buyers on the other side who can will have their pick of orders, and prices will plummet.
You'll be selling heaters in Hell.
There's a bit of controversy around this.
If it did, mining companies would be out of business almost instantly - their product being only useful in the market when it's worthless.
Futures contracts involve actual carrying costs - storage, transporation, delivery - with real physical goods; even if you personally aren't involved in the physical aspect (by trading derivatives or the like) someone else (e.g. the people with actual silver demand for their companies) is, and they'll make sure you can't just drive the price of silver up higher by cornering the physical market.
How do you know that? Or how would you know the opposite? Is this actually publicly reported?
(I note the original story is from the NY Post, the "Biden Laptop" newspaper, which also raises questions)