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Physical Silver ETF

Posted on May 24, 2022

As you may know, we are as BULLISH as they come on SILVER and the best way to get exposure on the ASX is via units in ETPMAG.

ETPMAG is an exchange traded fund which owns allocated SILVER bullion that is located in a vault in London. Unit owners are also entitled to redeem their SILVER bullion from the fund which is a good feature.

Investors need to be reminded that ETPMAG moves up and down based on the price in Aussie dollar SILVER and not the USD price which you see quoted on the TV or most financial websites.

How does ETF securities which administers ETPMAG get paid?

Every unit comes with an entitlement to an amount of physical bullion. This amount is currently 0.936335879 and will be reduced daily by a management fee of 0.49% per annum.

How to reconcile the price of ETPMAG traded on the ASX?

Current price of SILVER in AUD multiplied by the metal entitlement.

$30.74 x 0.936335879

=$28.78 (which is very close to price at the time of writing this article)

General Advice Warning
The information provided in this post is general information only. Unless otherwise stated the information is not designed for the purpose of providing personal, financial or investment advice. Any examples are presented for illustration purposes and past performance is not a reliable indicator of future performance. The information provided does not take into account your particular investment objectives, financial situation or investment needs.

Without limiting the generality of the above paragraph no person, persons or organisation should invest monies or take action on the reliance of the material contained in this post, but instead should satisfy themselves independently (whether by expert advice or otherwise) of the appropriateness of any such action. Unless otherwise stated the information presented is not a recommendation to invest in any investments, securities or financial products.

This service, like all other financial services, is subject to market forces and unpredictable events that may adversely affect its future performance. Whilst all care has been taken in compiling information in this post, and is provided in good faith, it is not to be relied upon as a substitute for professional advice. The views expressed are commentary only and the writer accepts no responsibility for the accuracy, completeness or timeliness of the information.

Super Equity Pty Ltd ACN 609 373 202 is a Corporate Authorised Representative 001238425 of ANDIKA Pty Ltd AFSL 297069. It should also be noted that references and hyperlinks to any third party information (including, but not limited to: news articles, blogs, reports, videos or other mediums of information) is not an endorsement of that party or product.

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