In commodities, U.S. Oil Fund (NYSEArca: USO) rose more than 1% and silver ETFs climbed to new two-month highs. [ETF Spotlight: Silver]

In ETF industry news, U.S. assets are predicted to double to $2.1 trillion by 2015, according to new research. [ETF Assets]

ProShares has launched an ETF that tries to replicate the performance of a basket of hedge funds. [New ProShares ETF]

SPDR S&P Oil & Gas Exploration & Production

Chart source: StockCharts.com.

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