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ETPMAG - ETFS Physical Silver ETF

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Sean K

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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.

 
An option is to use the etpmag chart for a signal the buy unallocated pooled metal through a physical dealer. You can buy or sell grams or ozs online. I haven't done it myself, I am paying ridiculous amounts, when you add it up over the years, to have 'collectable' silver stored with my dealer in Melbourne. Silver sucks.
 

Interesting approach. I'm not actually interested in holding the stuff, although I do have a silver ring, just looking at ways to trade a significant move to the upside. There's not much on offer on the ASX as a pure silver play, as discussed in the silver stocks thread. The best I can see in S32, and silver is just a minor part of their various pieces.

 
My understanding is that an unallocated metals account can be traded pretty much as fluidly as an etf except you trade discreet anounts of the metal you're holding, not units. Check out Goldstackers as one option if interested.

I just got filled on my 0.095 RDM bid - exploration company that is looking for a way to divest and float its Maronan Lead-Silver project. It has 100m ozs inferred silver, the lead component is grading 6.5%. Another part of the resource is Cu-Au with Cu over 1%.

Horizon Minerals (HRZ), held, has the Nimbus project with a high grade core of Silver.

Red River Resources (RVR), held, has a silver project in N.Q. - Herberton - without checking

S32 has fantastic silver prospects at Hermoza but looking at years to develop.
 

Thanks, got them on other watch lists for some reason. Must be polymetallic.
 
Oh yeah, forgot SSR, half of which used to be Silver Standard Resources, a company dedicated to silver.
SSR have Marigold, a shovel and truck heap leach mine in Nevada, quite profitable even at today's prices. Long life and will add through exploration as shown by recent announcement.
Moreover they hold Pitarilla in Mexico with a feasibility done in 2012 and a projected 32 year mine life. Silver-Lead-Zinc with 500mozs Ag at measured/indicated level. BetweentheLines Finance reckons they'll sell it off at better silver prices.
 
Depending on your time horizon your contest risk might become important, that is to say the transaction costs including buy/sell spread.

Physical is kind of expensive to transact in this regard, unless burying it in the backyard to dig up in three decades... Or you think it's going to be a 10 bagger

I love the physical but any physical I buy is going behind the drywall or something like that.

Unallocated? You definitely have a counterparty risk, as you do with etf but one must way up those risks and there doesn't seem to be any easy answer to that.
 

It seems like a lot of logistics and locks to actually buy and hold the stuff. I'm getting too old and my back couldn't manage with the labour, so just buying the virtual paper will do me.

As a side bar, I do actually like the touch and feel of PMs though. When I was about 8, a friend of my Dad's came to a poker night to our place one night with a considerably sized gold ingot that he put on the table as a bit of a show off. He owned a gold mine in Warrandyte, or somewhere relatively close to home, and everyone thought it was pretty spectacular. I was allowed to hold on to it for a while and my love of gold/PMs/mining was set.
 
Need to watch silver if the narrative about PMs comparative value and market breaking down is correct. Looks like a bottom down there. Just have to work out the best way to trade the silver story, if it's your thing.



 
nearly too late already, I had massive profit this week on PM, balancing the 3% market falls
 
Still watching for signs of life in this and it's looking a little bottomish at $24.50 to me. Although I said that about POS in Jan...

 
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