Edelweiss AMC does not have gold and silver ETFs. Therefore, the fund will buy units of other AMCs to maintain equal exposure to both precious metals. As per the MD and CEO, Radhika Gupta, there are several gold and silver ETF products in the markets, but there is no single proposition to maintain equal exposure in both precious metals. Usually, equities have low co-relation with precious metals, and therefore, in times of high inflation or recession, this ETF can be a good choice for investors.\r\rAs per the note provided by the scheme, gold outperforms during recessions, and silver outperforms gold in precious metals bull market rallies. In the previous recessions of 2008, 2011 and 2016, gold gave returns of 26.1%, 31.7% and 11.3%, respectively. The demand for silver is increasing as well with the higher penetration of products like electric cars, solar panels and smartphones, which require silver. The returns of silver in the last ten years have been low.\r\rAs per the CEO, metals have an inverse correlation with the dollar. As the US economy is weakening, there is a chance that the dollar may go down. This will mean that precious metals should rally.