Silver Rally Crushes Bearish ETF Bets
April 15, 2011 at 14:12 PM EDT
A seemingly unstoppable rally in silver prices this week has burned traders who bet against the metal with exchange traded funds (ETFs). The recent spike in trading volume in ProShares UltraShort Silver (NYSEArca: ZSL) suggests some traders had been positioning for a pullback in silver prices,...