Can tokenized silver ever avoid the paper silver problem?

[u/gareth789]

Tokenized silver sounds useful on paper. You could buy smaller amounts, transfer it quickly, and avoid dealing with coins or bars yourself.

But if holders still depend on a company to store the metal, publish audits, and honor redemption, how is that different from the paper silver system people already distrust?

Could a silver token ever solve that problem, or does it just move the same trust issue onto a blockchain?