- 21 April 2006
I have this one on the radar once silver starts it's run.
ETFS Physical Silver (ASX Code: ETPMAG) offers low-cost access to physical silver via the stock exchange and avoids the need for investors to personally store their own bullion.
ETPMAG offers investors a simple, cost-efficient and secure way to access silver by providing a return equivalent to the Australian dollar price movement of silver less a daily management fee.
ETPMAG is backed by physically allocated silver bullion held by JPMorgan Chase Bank, N.A. (the Custodian) in London. Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery is accepted by the custodian. Each physical bar is segregated, individually identified and allocated which means there is no credit risk. Investors can choose to redeem units for the physical holdings.
ETPMAG is an exchange traded product (ETP) that can be created and redeemed on demand (by Authorised Participants). It trades on the stock exchange just like a share and is settled and held in ordinary brokerage accounts.
Pretty boring chart since the last high. Lots of gaps in there.