ccu and future silver prices

the forward contract hedged by CCU confirms silver will remain in a state of backwardation.
If they have hedged at $29 and this is refined only, not fully finished then the paper trading is way off the mark..
Future physical prices will still be way out in front of paper trade price.
Does this signal a new round of QE which may assist to close the gap or will the Gap grow wider with events like bank runs in spain.
Soon I am thinking people will realise paper is not silver or gold.
Posession is 9/10ths of the law after all right??