On October 22, ProShares Ultra Silver fell 8.47% in Regular Trading, trading at $54.76/share, with turnover of $74.506 million.
The move aligns with the latest precious-metals weakness, as spot silver retreated after previously breaking above $62 and at one point tested the $60 level, pressuring leveraged long silver products.
Recent market coverage indicated that a 2x long silver ETF was already down in earlier trading on the same catalyst. Supporting context shows silver has recently underperformed gold in the broader correction, with market observers noting that silver often falls 1.5 to 2 times as much as gold during precious-metals pullbacks. At the same time, some longer-term forecasts for silver remain constructive, but near-term price volatility has clearly intensified.
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts and option contracts) based on the benchmark. The types and mix of Financial Instruments in which the fund invests may vary daily at the discretion of the Sponsor. It will not invest directly in any commodity.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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