About ETPMAG 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 commodity ("ETC") that can be created and redeemed on demand (by Authorised Participants). It trades on disallowed just like a share and is settled and held in ordinary brokerage accounts.
Why Consider ETPMAG? Low-cost access to physical silver bullion Silver is traditionally used as a store of value and often seen as an inflation hedge Provides exposure to the supply and demand dynamics for silver in areas such as alternative energy generation and battery production ETPMAG units are redeemable directly with the issuer for the underlying bullion
