|Bid||29.81 x 2900|
|Ask||29.86 x 2900|
|Day's Range||29.72 - 30.05|
|52 Week Range||22.85 - 44.03|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-19.82%|
|Beta (5Y Monthly)||-0.05|
|Expense Ratio (net)||1.62%|
The iShares Silver Trust (SLV) and the Aberdeen Standard Physical Silver Shares ETF (SIVR) , two of the largest exchange traded funds backed by holdings of physical silver, are struggling as highlighted by year-to-date losses of almost 7%. Now, some market observers believe silver prices could fall further, potentially spelling opportunity with the ProShares UltraShort Silver (ZSL) . ZSL attempts to deliver double the daily inverse returns of the Bloomberg Silver Subindex (BCOMSI).
Gold and silver prices fell Thursday as investors switched to the U.S. dollar for safety. Use these inverse ETFs to profit from this theme continuing.
In January, ProShares changed its silver and gold ETFs to track futures-based indexes. This marks the first time leveraged and inverse ETFs will benchmark to gold and silver futures prices. ) are changing their benchmarks from the LBMA (London Bullion Market Association) silver and gold auction prices to Bloomberg Commodity Subindexes.
ProShares, the largest issuer of inverse and leveraged exchange traded funds, said it is changing indexes for its inverse and leveraged gold and silver ETFs. The ProShares Ultra Silver ETF (NYSEArca: AGQ) ...