Traders who have a strong conviction that silver prices will falter can utilize inverse silver ETF options to play the fall. More aggressive traders can take a look at the VelocityShares 3x Inverse Silver ETN (NYSEArca: DSLV), which takes the -300% performance of silver, and the ProShares UltraShort Silver (NYSEArca: ZSL), which takes the -200% performance of silver price movements.
“As with gold last month, there is a short-term resistance just overhead from the October 2015 high. However, unlike gold, this resistance is quite close to the three trendlines at $16.21. Therefore, a rally now would break four resistance features at one time for quite a convincing move. Silver traded Wednesday at $15.37, and SLV is up more than 10% for the year,” according to Barron’s.
iShares Silver Trust