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ETPMAG

$92.79-1.68%Silver30/100
Fund Page ↗

ETFS Physical Silver · ETFS

Data as at 29 March 2026

TL;DR

Tracks the silver price through physically allocated silver held in JP Morgan's vaults in London. Approximately 50% of global silver demand comes from industrial uses — electronics, solar panels, and EV components.

MER (Annual Fee)
0.49%
#1 lowest in Silver
1Y Return
+88.6%
3Y Return (p.a.)
+43.9%
Dividend Yield
-
Non-distributing
AUM
$200M
Assets under management
Avg Daily Turnover
$12.5M
Avg shares × unit price
Unit Price
$92.79
As at 29 March 2026
Provider
ETFS
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Strategy

Physically allocated silver ETF managed by ETF Securities. Silver is stored at JP Morgan in London on an allocated basis. Returns reflect AUD/USD silver price movement.

Top Holdings

Key Fact

Silver's industrial uses account for approximately 50% of total global demand, including solar panel manufacturing (each panel uses about 20 grams of silver), EV charging contacts, and printed circuit boards. This industrial demand makes silver more economically cyclical than gold.

Suited for

Investors who want silver exposure as a complement to gold, or who want industrial metal exposure through a precious metal structure. Silver's industrial demand component makes it more sensitive to global economic activity than gold.

Risks

Silver is more volatile than gold — price swings of 2-3x the magnitude of gold price moves are common in both directions. Less liquidity than PMGOLD means wider bid-ask spreads on lower-volume trading days.

ETFCheck Score30/100
Fees (40%)27
Fund Size (25%)22
Liquidity (20%)71
Yield (15%)0
How scores are calculated →
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Frequently Asked Questions - ETPMAG

How does ETPMAG's physical silver backing work compared to synthetic commodity ETFs on the ASX?+
ETPMAG is backed by physical silver bullion stored in London vaults, with each unit representing an entitlement to actual metal. Unlike synthetic or futures-based commodity products such as QCB, there's no contango drag or counterparty risk from derivatives. This makes ETPMAG a purer play on spot silver prices for Australian investors, though the 0.49% MER gradually reduces your metal entitlement over time.
Why has ETPMAG returned 28.4% in one year when silver is often seen as underperforming gold?+
Silver's dual role as both a precious metal and an industrial commodity has driven strong returns. Roughly 50% of silver demand comes from industrial uses including solar panels and EV components, meaning silver benefits from both safe-haven flows and the global energy transition. Australian investors should note this economic sensitivity makes ETPMAG more volatile than gold-backed GOLD (ETFS Physical Gold), with sharper drawdowns during recessions.
What are the CGT implications of holding ETPMAG in an Australian SMSF?+
ETPMAG pays no distributions, so all returns come as capital gains when you sell. For SMSF trustees in accumulation phase, holding ETPMAG beyond 12 months qualifies for the one-third CGT discount, reducing the effective tax rate to 10% instead of 15%. The ATO treats ETPMAG as a standard ASX-listed investment, and since it generates zero yield or franking credits, it suits growth-oriented rather than income-focused SMSF strategies.
Should I choose ETPMAG for silver exposure or buy silver through ETPMPM's precious metals basket?+
ETPMAG gives concentrated silver exposure, ideal if you're specifically bullish on industrial silver demand from solar and EVs. ETPMPM, which returned 32.6% over the past year, blends gold, silver, platinum, and palladium, offering diversification across precious metals. If you already hold a gold ETF like GOLD on the ASX, ETPMAG avoids doubling up on gold exposure, whereas ETPMPM's gold weighting may create portfolio overlap.