No, there's often a disconnect between paper and physical metals when there's economic volatility. The same thing happened in '08. The reality is that trading

No, there's often a disconnect between paper and physical metals when there's economic volatility. The same thing happened in '08. The reality is that trading futures contracts (which generally settle in cash) isn't the same as trading the physical metals (where you have broker fees to contend with.) While the physical metals markets are based on the spot price, the discount/premium goes way up during periods of high volatility.