“The removal of more physical metal from the market may help to boost prices further, market participants said. Many analysts attribute the rise in prices over the past two years in part to the rise in popularity of physically backed ETFs,” Reuters reported.
Platinum and palladium ETFs lagged gold in 2011, but a pickup in the global economy could boost the ETFs this year and help close the performance gap.
Funds focused on these metals have traded in Europe for years, but they are relatively new for U.S. investors and markets. [Platinum, Palladium ETFs Try to Recover]
Sprott Physical Silver Trust
Full disclosure: Tom Lydon’s clients own SLV and GLD. John Spence owns ZSL.