Active and adventurous traders that believe SLV is really heading to $15 can consider the ProShares UltraShort Silver (NYSEArca: ZSL). If a roughly 17% decline materializes in SLV and does so in short order, ZSL could surge 34%.
In arguably dangerous phenomenon that has been seen during previous periods of gold weakness, investors are pulling money from gold ETFs while sticking by silver funds. This month, investors have pulled $258 million from GLD while pouring $62.3 million into SLV.
Silver Futures
Chart Courtesy: Eagle Bay Capital
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.