ETFS Physical Silver


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.


Why consider ETPMAG


Low-cost access to redeemable physical silver bullion.


Silver is traditionally used as a store of value and often seen as an inflation hedge.


Exposure to the supply/demand dynamics in areas like alternative energy and battery production.



Where is the metal stored?

The physical silver bullion for ETPMAG is held in the vault(s) of JPMorgan Chase Bank, N.A. in London. The vault is audited twice yearly by the auditor Inspectorate. All audit reports are made available in the resources section below. Each silver bar in the vault is itemised in a bar-list which is also available in the resources section below.

How is the management fee paid?

Each ETPMAG unit comes with an entitlement to an amount of physical bullion. This amount was 0.942759061 fine troy ounces as at 1 January 2021.