Traders have also been willing to leverage their bets on silver with funds such as the ProShares Ultra Silver ETF (NYSEArca: AGQ) as the bulk of leveraged ETF bets on the white metal are bullish in nature.

“With nearly $0.9 billion (84%) of AUM in S&L silver ETPs comprising long positions, S&L investors’ overwhelmingly bullish positioning remains unaltered,” according to Boost.

Lingering volatility in Russia ETFs, the result of that country’s conflict with Ukraine, has stoked interest in triple-leveraged Russia ETFs. Over the past week, volume in the Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS) and the Direxion Daily Russia Bull 3x Shares (NYSEArca: RUSL) has been well above the 20-day average and over the past month, creation activity in both funds has been positive, according to Direxion data.

ProShares Ultra Silver

ETF Trends editorial team contributed to this post.