Silver exchange traded funds were poised to rise in the U.S. on Wednesday after rallying more than 4% the previous session.

Silver ETFs may climb to test their 50-day moving average following the big sell-off earlier this month.

The iShares Silver Trust (NYSEArca: SLV) was up nearly 2% in premarket trading Wednesday. The ETF jumped over 4% on Tuesday to close at $35.77 a share. The 50-day simple moving average is just above $38 a share.

Other ETFs for silver include ETFS Physical Silver (NYSEArca: SIVR) and PowerShares DB Silver (NYSEArca: DBS).

iShares Silver Trust

Full disclosure: Tom Lydon’s clients own SLV.

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.