ETF Trends
ETF Trends

Exchange traded funds that invest in silver were down 7% Wednesday amid the smackdown in commodities markets while dollar ETFs rallied.

The iShares Silver Trust (NYSEArca: SLV) was down 7.4% in recent trading. In the commodities complex, oil and gasoline prices dropped sharply after an energy report estimated supply rose in the latest week. [Gasoline ETF Tumbles 7%]

The selling quickly spilled over into precious metals such as silver and even stocks as the Dow fell nearly 200 points.

A leveraged ETF that bets against silver, ProShares Ultra Silver (NYSEArca: ZSL), rallied 14%.

PowerShares DB US Dollar Bullish Fund (NYSEArca: UUP) added nearly 1%.

iShares Silver Trust


Full disclosure: Tom Lydon’s clients own SLV.

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