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Investing 101 · Instruments

Commodity ETFs: physical vs futures-based

10 min readUpdated May 2026

The most consequential decision in commodity investing for most retail investors is whether your ETF holds the actual metal or futures contracts. The structures

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The most consequential decision in commodity investing for most retail investors is whether your ETF holds the actual metal or futures contracts. The structures

This guide is part of the Investing 101 series. Use the navigation below to read related guides, or go to the commodities directory to explore live price data.

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