Physical White Metals ETF (WITE): Two Years Later

Performance & Outlook

This has been a tumultuous year for precious metals; as investors see the economy recovering they turn attentions back to equities and away from the safe haven of metals. WITE alone has lost five million in assets over the last years, and has been very clearly swayed by the performance of silver. Below, we outline WITE’s performance versus the iShares Silver Trust (NYSEARCA:SLV).

WITE vs SLV

When considering the chart above, WITE and iShares Silver Trust (NYSEARCA:SLV) have maintained a very close and rocky relationship over the year, with WITE usually staying just above iShares Silver Trust (NYSEARCA:SLV). It’s important to consider that WITE provides heavier exposure to silver than it does to platinum or palladium, so silver prices will have the biggest sway at the end of the day. Rising consumption of electronics, automobiles and jewelry across emerging markets along with ongoing inflation fears, are two fundamental factors that paint a bullish investment case for the white metals given their extensive industrial use and potential safe-haven appeal.

This article was originally written by Carolyn Pairitz, and posted on CommodityHQ.