Gaining exposure to precious metals
Hi James,
Could I know the stocks that are predominantly in silver, platinum and palladium
Thanks
Indran
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James,
Could I know the stocks that are predominantly in silver, platinum and palladium
Thanks
Indran
Hi Indran,
There aren’t really many companies that specialise in these 3 metals until you move towards the smaller end of town. On the commodity front silver & platinum continue to hover around 20% below their respective 8-year highs while palladium is closer to 30% below its 2021 high with a firm $US creating a headwind for all 3 metals.
Perhaps ETF’s might serve your needs better if you are looking specific exposure there are 3 ASX listed options being ETFS Physical Sliver (ETPMAG), ETFS Physical Platinum (ETPMPT) and ETFS Physical Palladium (ETPMPD) – they mitigate any stock risk making it all about getting the commodity right.
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