RGPM ETF: A Diversified Gateway to Precious Metals Exposure
The RBC Global Precious Metals Fund (RGPM) offers investors diversified exposure to gold, silver, and platinum amid rising demand and tightening supply.
While the price of gold has been a major topic of discussion for many this year, the performance of other precious metals, namely silver and platinum, has also been noteworthy. As shown in the chart below, the year-to-date return of both silver and platinum, represented by the S&P GSCI Silver Index and S&P GSCI Platinum Index, has exceeded that of gold, which is represented by the S&P GSCI Gold Index.
Rising demand for Silver and Platinum
Rising uncertainty within the global macroeconomic environment has been the catalyst for the rally in gold prices, but investors have also shown interest in silver and platinum. With silver, while it is also a store of value and a safe haven asset, it also has industrial uses – such as its use in circuit boards, switches, electric vehicles, batteries, and solar panels — which add to its value proposition.
Although demand for silver has been rising, its limited availability in recent years has been a notable trend. According to reported inventory levels from the London Bullion Market Association, silver inventory has steadily declined, reducing the amount of metal accessible for lending or delivery. For several consistent years, global silver demand has exceeded mine production, depleting the supply reserves previously held in London. At the same time, silver-backed exchange-traded funds have attracted new investments, prompting custodians to obtain physical bars just as the available supply was shrinking.
Similar to silver, platinum is also facing a deficit, with 2025 marking the third consecutive year in which the metal has recorded a supply shortfall of nearly one million troy ounces out of an approximate eight-million-troy-ounce yearly market, according to the World Platinum Investment Council (WPIC). While jewellery might be the top-of-mind, popular cultural association for platinum, it also serves an industrial purpose within the automotive industry.
With both gold and silver experiencing price increases, platinum is viewed as the ‘next best option’ for investors, hence why it has rallied significantly in recent months.
Investing in Precious Metals via ETFs
For investors seeking comprehensive exposure to precious metals, the RBC Global Precious Metal Fund(Ticker: RGPM) is an actively managed fund that primarily invests in equity securities of companies worldwide involved directly or indirectly in the exploration, mining, and production of precious metals, including gold, silver, and platinum. As such, RGPM is a turnkey solution that allows investors to gain exposure to precious metals in a single-ticket solution.
Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.
