In my opinion, I don't see a whole lot of use with holding the physical metal over say buying an ETF that has the physical metal in storage.
Why? Because you can skip the storage fees and the hassle of owning physical by buying a reliable ETF. For example, Sprott has a multitude of physical ETFs for gold, silver, platinum etc. And the ETF is backed by the physical assets, with the custodian being the Royal Canadian Mint, a Crown corporation.
If you're more so asking about my thoughts on the possible forward price action of physical metals, obviously the environment we're in right now with the banking crisis going on, it's going to be bullish for gold. However, this isn't necessarily an asset I'd like to hold onto for the long term. I'd rather own a company exposed to gold but also growing earnings. Something like Franco Nevada. That's just me though, I do know plenty of people who own physical metals either through an ETF, or they store them themselves.