Holdings of the largest gold-backed exchange-traded-fund (ETF), New York’s SPDR Gold Trust (GLD) , remained unchanged on Thursday from Wednesday, while the largest silver-backed ETF, New York’s iShares Silver Trust (SLV) , fell 0.40% during the same period. Exchange-traded funds, the most widely recognized type of ETP, back each security issued with physical stocks of a given commodity, creating a product they say is free from counterparty risk.

Name New Holdings Date Prev Holdings Prev Abs Change % chg YTD Abs

GOLD (OZ) (OZ) (OZ) Change (OZ)

SPDR Gold Trust (HLDSPDRGT=XAU) 27,784,669.2 Feb 06 27,784,669.2 Feb 05 0.0 0.00% -1,718,371.0

COMEX Gold Trust (HLDCMXGOT=XAU) 12,626,589.2 Feb 06 12,626,589.2 Feb 05 0.0 0.00% -1,803,188.7

ETF Securities gold (ex-US) (HLDETFXUS=XAU) 9,293,742.4 Nov 30 9,293,742.4 Nov 30 – – -300,230.4

ZKB Physical Gold (HLDZKBPYG=XAU) 4,943,916.7 Jan 31 4,943,916.7 Jan 31 – – -113,337.2

Sprott Physical Gold Trust (HLDSPROPY=XAU) 3,285,278.0 Feb 06 3,282,078.0 Feb 05 3,200.0 0.10% 135,123.0

ETFS Physical Swiss Gold (HLDETFSCH=XAU) 844,902.3 Jan 06 844,902.3 Jan 06 – – 57,520.6

ABSA - NewGold ETF (HLDNEWGOT=XAU) 599,214.6 Feb 06 599,219.6 Feb 05 -4.9 0.00% 76,382.9

Total 59,378,312.5 59,375,117.4 3,195.1 0.01% -3,666,100.9

SILVER

iShares Silver Trust (HLDISHAST=XAG) 428,660,653.1 Feb 06 430,390,656.3 Feb 05 -1,730,003.2 -0.40% -38,800,625.7

Sprott Physical Silver (HLDSPROPY=XAG) 180,613,426.0 Feb 06 180,613,426.0 Feb 05 0.0 0.00% 10,083,377.0

ETF Securities silver ex-US (HLDETFXUS=XAG) 100,389,761.6 Nov 30 100,389,761.6 Nov 30 – – 27,135,104.7

ZKB Physical Silver (HLDZKBPYS=XAG) 86,618,727.1 Jan 31 86,618,727.1 Jan 31 – – -9,498,610.5

ETFS Physical Silver Shares (HLDETFSSF=XAG) 6,111,152.0 Mar 20 6,111,152.0 Mar 20 – – -17,105,014.8

Total 802,393,719.8 804,123,723.0 -1,730,003.2 -0.22% -28,185,769.3

PLATINUM

ETFS Physical Platinum Shares (HLDETFSPY=XPT) 738,343.9 Mar 20 738,343.9 Mar 20 – – -10,582.1

ABSA - NewPlat ETF  (HLDNEWPLT=XPT) 405,390.5 Feb 06 405,394.3 Feb 05 -3.8 0.00% 52,903.9

ETF Securities platinum ex-US (HLDETFXUS=XPT) 617,330.8 Nov 30 617,330.8 Nov 30 – – 32,609.5

ZKB Physical Platinum (HLDZKBPYP=XPT) 437,843.6 Jan 31 437,843.6 Jan 31 – – -35,606.6

Total 2,198,908.8 2,198,912.6 -3.8 0.00% 39,324.8

PALLADIUM

InvestPalladium ETF (HLDSTNDRDB=XPD) # 2,981.3 Feb 06 2,978.4 Feb 05 2.9 0.10% -1,601.9

ETFS Physical Palladium Shares (HLDETFSPY=XPD) 23,425.8 Mar 20 23,425.8 Mar 20 – – -134,305.6

ETF Securities palladium ex-US 111,915.0 Nov 30 111,915.0 Nov 30 – – -959.5

ZKB Physical Palladium (HLDZKBPYP=XPD) 100,523.0 Jan 31 100,523.0 Jan 31 – – 35,281.9

ABSA - NewPalladium ETF (HLDNEWPLD=XPD) 7,914.2 Feb 06 7,914.3 Feb 05 -0.1 0.00% -1,990.8

Total 246,759.3 246,756.5 2.8 0.00% -103,575.9 The figures above are those reported to Reuters by the organizations involved by telephone or email on the date shown, or those that are publicly available on their websites.

ZKB physical gold, silver, platinum and palladium funds are fully backed by physical precious metal and investors are entitled to physical delivery of them.

• Shareholders in the GAM Gold fund can elect to hold “A class” shares, which are fully backed by physical gold. Investors in that class are entitled to physical delivery of the precious metal. Investors may also elect to hold “AX” class shares, which are fully backed by physical gold. Investors in that class are not entitled to physical delivery of the precious metal.

Absa Capital’s NewPalladium Exchange Traded Fund (ETF) was listed on March 27, 2014 and is fully backed with South African palladium.

Standard Bank’s AfricaPalladium ETF, South Africa’s first listed palladium exchange traded fund, debuted on March 24, 2014. ))

(Bengaluru Commodities desk)