Bearish Silver ETF Tumbles Nearly 8%
April 25, 2011 at 07:33 AM EDT
A leveraged exchange traded fund (ETF) that lets investors short silver was down nearly 8% in premarket action Monday as the metal’s price soared to almost $50 an ounce. ProShares UltraShort Silver (NYSEArca: ZSL) slipped 7.6% before Monday’s opening bell. The so-called leveraged inverse ETF has...
