Key stats
About ProShares UltraShort Silver
Expense ratio
0.95%
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Inception date
Dec 1, 2008
ZSL is an inverse product, which attempts to deliver -2x the daily return of silver prices. The funds inverse exposure is benchmarked to the price performance of the Bloomberg Silver Subindex an index tracking a rolling futures position on silver based on Bloombergs fixed contract schedule. ZSL is a short-term product and not appropriate for buy-and-hold investors because daily compounding can cause the fund's performance to differ greatly from the headline -2x exposure over holding periods greater than one day. You must rebalance your positions to receive the -2x multiple over longer time horizons. As an ETF, ZSL is structured as a commodities pool so investors will have to deal with a K-1 form for tax reporting.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous262.30%
Cash−162.30%
ZSL SHORT SILVER with an INVERSE ETFZSL provides a short play on silver as an ETF using futures diversified for times to expiration.
At present, it has a strong up and scores a 6/8 by the Mark Minervini criteria.
A Doji candle a few days ago signaled the end of a brief pullback and so an entry point.
XAGUSD as shown on the thick
ZSL Buying PotentialFor some while now, we've seen ZSL making it way down, but for the past 460 days, institutions have been accumulating their orders and looking to take the asset up.
Confluences:
- We see a steady decrease in volume immediately after price reached selling climax
- Also after so many days of accumulat
If Silver Closes the Weekly below 22.6 Then This Will Rise.Silver is looking to Bearishly close the weekly below $22.6 and if it does then i will be buying call options expiring in a few months for this inverse ETF of Silver.
However if silver can get a bullish weekly HA candle Close above $22.6 then i will look to trade silver bullishly.
For now i have on
ZSL support zoneLooks like the 200 hullma will hold for now for 45 min.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure pu
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Displays a symbol's price movements over previous years to identify recurring trends.