I have not studied the two to compare them fully, but ETPMAG has JP Morgan as its bullion custodian. So I personally do not trust it [them].
Others might rationalise differently, but if you have the opportunity, buy Bullion yourself and take possession, or have it stored by the vendor in your own personal vault.
If that is not possible then consider buying mining company shares - plenty of analysis on Hot Copper to assist. They carry more risk, but generate better multiple upside to the Ag price.
If you can access the US market, you could invest in the Sprott PSLV. (not the SLV - if you own that, get out of it), some good mining companies available too.
Best V
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