There is one thing that will tokenize silver. Miners and manufacturers.

Basically, an on-chain COMEX, that does what it is supposed to do, and not what it is not supposed to do.

If they have "betting", it will be as a 2nd layer, or maybe another chain. This chain will be about supply and silver consumers.

There are silver storage places that allow access via Credit Card. It could be tokenized? but, why?
There will be tokenized gold. Probably through several vaults working together.

There is a lot of reasons to tokenize precious metals, but all of them are for trading. Pathways to get in and out fast. Will that actually help anything?