ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

Appointment of Officer

On September 12, 2012, the Manager of ETF Securities USA LLC, sponsor of the ETFS White Metals Basket Trust (the "Sponsor"), appointed Christopher Foulds as Vice President, Chief Financial Officer, Treasurer and Secretary of the Sponsor, effective immediately and until such time as he resigns, his successor is appointed by the Manager or he otherwise is disqualified from serving as an officer of the Sponsor. In his capacity as Chief Financial Officer and Treasurer of the Sponsor, Mr. Foulds will be the Sponsor's principal financial officer and principal accounting officer.

Mr. Foulds, 31, is the Financial Reporting and Compliance Officer of ETF Securities Limited, the parent company of the Sponsor. Mr. Foulds is a Chartered Accountant and member of the ICAEW, having previously worked for and trained with Deloitte, Jersey. He has over ten years of finance experience and previously held a senior management position with Active Services (Jersey) Limited, providing start-up management and support services to the funds sector. He holds a BSc in Mathematics with Financial Management from the University of Portsmouth, England.

Mr. Foulds replaces Thomas Quigley, who tendered a written resignation from his offices of Vice President, Chief Financial Officer, Treasurer and Secretary of the Sponsor on September 12, 2012.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

The following exhibit is filed with this report:

99.1 Letter of resignation of Thomas Quigley as Vice President, Chief Financial Officer, Treasurer and Secretary

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