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ETFS Physical Silver ETF (ETPMAG)

$33.12
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What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM is neutral precious metals short-term

OPINION

Silver ($US/oz)

Similarly precious metals look unlikely to make any upside headway while the $US bounces although as we mentioned earlier the gold stocks look good value into current weakness.

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Silver ($US/oz)

Precious metals have rallied steadily from their early April low with silver edging up towards its 2021 high. The short-term direction of the complex is likely to be determined by the $US but we remain bullish medium-term believing a break to fresh highs is a matter of time.

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Silver ($US/oz)

The market move which especially caught my attention overnight was in silver & gold with the former closing up almost 4%, at fresh 10-week highs, following only a small pullback by the $US.

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Silver ($US26.55/oz)

Silver continued its recent advance overnight gaining over 2% making 7-week highs in the process, approximately 10% above its February swing low.

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Silver ($US/oz) $25.22

Silver is also looking very constructive here and potentially poised for a ~20% rally, we might see a flight to more defensive assets as we move towards the traditionally weak period for equities going into May.

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Gold & Silver

Silver and gold reacted strongly to comments from the Fed with silver the best rallying ~2%, we believe the catalyst is now in play for a strong run up in the complex from the underlying metals to ETF’s, and stocks.

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Silver ($US/oz) $US25.95

Conversely silver is looking very constructive and potentially poised for a ~20% rally, we might see a flight to more defensive assets and away from the likes of Bitcoin and to a lesser degree equities.

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Precious Metals

In a nutshell we remain bullish precious metals still believing silver can test / break its Reddit inspired panic rally in early February, gold unfortunately is dragging the chain and might struggle to breach $US2000/oz but such a move should reignite the sector:

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ETFS Physical Silver ETF (ETPMAG) $35.10

Silver: We talked about this in the AM note today calling it a sell into strength. We have a position in the Global Macro ETF portfolio (ETPMAG) however yesterday’s strength did not follow through today. This remains on MM’s radar as a sell nearer $40.

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ACTION

ETPMAG
UPDATED 07/07/2021 17:07
MM is neutral precious metals short-term
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ETPMAG
UPDATED 31/05/2021 16:25
MM is bullish precious metals medium-term
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ETPMAG
UPDATED 24/05/2021 08:35
MM is looking to take profit on our ETPMAG position ~38
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ETPMAG
UPDATED 10/05/2021 09:51
MM remains bullish silver and precious metals
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ETPMAG
UPDATED 23/04/2021 16:56
MM remains bullish silver
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ETPMAG
UPDATED 12/04/2021 16:34
MM is bullish Silver
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ETPMAG
UPDATED 17/03/2021 09:05
MM is bullish sliver and long in our Global Macro ETF Portfolio through the ETPMAG.
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ETPMAG
UPDATED 04/03/2021 09:24
MM are short term bullish precious metals
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Silver ETF

ETFS Metal Securities Australia Ltd – ETFS Physical Silver (ETPMAG) is an open-ended Exchange Traded Commodity incorporated in Australia. It is designed to track the Silver price less fees allowing investors to invest in the precious metals market. It is backed by physical allocated metal bullion which has no credit risk. The security only holds LBMA Good Delivery bars.

The ETF is listed on the Australia Stock Exchange (ASX) under code ETPMAG

For more information – Click here to go to the ETF information page

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Silver ($US/oz)
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Silver ($US/oz)
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ETFS Metal Securities Physical Silver ETF (ETPMAG)
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Silver ($US/oz)
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Silver ($US/oz)
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Silver ($US/oz)
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Silver Spot ($US/oz)
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Silver Spot ($US/oz)
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ETFS Physical Silver ETF (ETPMAG)
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