Gold, silver, & palladium sink, and these ETFs are falling alongside

set of metallic ingots

AlexLMX/iStock via Getty Images

Precious metals like gold (XAUUSD:CUR), silver (XAGUSD:CUR), and palladium (XPDUSD:CUR) have dropped to start the trading week and following the downward momentum are ETFs that provide access to the commodities through spot funds that hold the physical metals.

Gold: The yellow metal has dropped 1.7% at the start of Monday’s trading session and is heading towards its 100-day moving average mark. Moreover, gold is also now down 5% from its recent Apr. 18 peak.

Three funds that have sunk alongside the price of gold are the SPDR Gold Trust ETF (NYSEARCA:GLD) -1.6%, iShares Gold Trust ETF (NYSEARCA:IAU) -1.6%, and the Aberdeen Standard Physical Gold Shares ETF (SGOL) -1.7%.

GLD leads all three with more than $63B AUM, but SGOL offers a cheaper avenue, as the fund has a 0.17% expense ratio compared to IAU’s 0.25% and GLD’s 0.40%.

Silver: Silver finds itself trading down 2.1% and the precious metal has also closed lower in its last four sessions with today looking to make it five. Silver is also off 9.8% since its recent Apr. 18 peak.

As silver falls so in turn has the Silver Trust iShares (NYSEARCA:SLV) -2.2%, which is the market’s primary pure-play silver spot fund as it is the largest ETF from an AUM standpoint with $13.96B under its belt.

Aside from SLV, two other spot silver funds have also dropped, the Aberdeen Standard Physical Silver Shares (SIVR) -2.1% and the Sprott Physical Silver Trust (PSLV) -2.4%.

Palladium: Palladium has experienced the sharpest sell off as it is down 10.1% on the day and off 16.6% from its recent Apr. 11 high.

The Aberdeen Standard Physical Palladium Shares ETF (NYSEARCA:PALL) -9.6% is the markets leading ETF in the space with $482M AUM, and a 0.60% expense ratio.

Not only are precious metal funds selling off, but benchmark ETFs that track the three major U.S. equity indices have also fallen to fresh one-month trading lows amid a spike in volatility levels.

Recommended For You

Comments (2)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.