Platinum is 35.2% of WITE’s weight and the remainder of the ETF’s physically-backed lineup is a 13.6% allocation to palladium. Palladium prices are intimately tied to automotive demand because catalytic converters in China and the U.S., the world’s two largest auto markets, are produced with the metal. Unfortunately, for WITE any signs of improving demand here in the U.S. have been overshadowed by a 9% slump in China’s May vehicle sales.
ETFS White Metals Basket Trust
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of SLV.