etpmag - etf - read the prospectus, page-6

2011! Long road and a very good call.

Historical Metal Performance

6/17/2025 4:03:35 PM EDT

goldsilverplatinumpalladiumUSDEURGBPCADAUDJPYCHFCNYINRmggkggroztozctdwt

	Time	Change	Change%
1 Day	+0.79	+2.18%
7 Days	+0.61	+1.68%
30 Days	+4.82	+14.94%
6 Months	+6.57	+21.53%
1 Year	+7.62	+25.82%
5 Years	+19.62	+112.12%
10 Years	+20.93	+129.32%
15 Years	+18.40	+98.36%

I am long plus in U308 for similar reasons.

Ongoing Supply Deficit, Limited new mines and significant increasing costs of mining and exploration.

Add the inflation index change on the 15 year 98.36 reduces by about 41%! I don't expect a gold rush event. Happy to see the creep up that many may not be watching until they do

The silver market is projected to experience a significant deficit in 2025, driven by rising industrial demand and stagnant supply, leading to a forecasted shortfall of approximately 149 million ounces.

Current Market Conditions

The silver market is expected to record itsfifth consecutive year of deficitin 2025, with demand outpacing supply. According to the Silver Institute, global silver demand is anticipated to remain stable at around1.20 billion ounces, while supply is projected to grow by only3%, resulting in a notable149 million-ounce deficit. This ongoing trend highlights the increasing pressure on silver availability, particularly in industrial applications such as solar energy and electronics.

The Silver Institute+2

Factors Contributing to the Shortage

1. Industrial Demand: The demand for silver in industrial applications is expected to grow, particularly in sectors likegreen energy,automotive, andconsumer electronics. The rise of artificial intelligence and renewable energy technologies is significantly driving this demand.

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2. Stagnant Supply: Despite a slight increase in silver mine production, the overall supply remains constrained due to several factors, including the depletion of high-quality ore deposits and environmental regulations that limit mining expansion.

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3. Investment Trends: As investors seek to hedge against economic uncertainties, silver has become an attractive investment option, further straining the available supply.

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   5 Sources

Price Predictions

The price of silver has surged in early 2025, reaching a13-year highas it broke through the$36 mark. Some analysts, including Keith Neumeyer, CEO of First Majestic Silver, predict that silver prices could potentially reach$100 per ouncedue to the persistent deficit and strong industrial demand.

Investing News Network

Conclusion

The combination of increasing industrial demand, stagnant supply, and heightened investment interest is creating a challenging environment for the silver market in 2025. While the term "shortage" may be debated, the ongoing deficit indicates significant market pressures that could influence silver prices and availability in the near future. As the situation evolves, stakeholders in the silver market will need to monitor these trends closely to navigate the implications for investment and industrial use.