Investors have stood by SLV and comparable funds even as they have not been shy about pulling cash from gold-backed ETFs. Two gold ETFs are found among the 10 worst ETFs in terms of 201 outflows but SLV has seen inflows.
The ProShares UltraShort Silver (NYSEArca: ZSL) could be the way for risk-tolerant investors to deal with and profit from silver’s declines. ZSL is up 8.3% in just the past week and is up almost 23% in the past month. Double-leveraged ZSL also resides 18% above its 200-day line.
ProShares UltraShort Silver
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of SLV.