Silver exchange traded funds (ETFs) bounced in late-morning trade, paring some of their earlier losses as investors weighed the impact of the death of al-Qaeda leader Osama bin Laden and a margin hike for silver futures.
Still, iShares Silver Trust (NYSEArca: SLV) was down more than 2% at last check. It was once again the ETF volume leader in terms of shares traded.
A leveraged ETF that bets against the metal, ProShares UltraShort Silver (NYSEArca: ZSL), was also active.
Other ETFs that go long silver include ETFS Physical Silver (NYSEArca: SIVR) and PowerShares DB Silver (NYSEArca: DBS).