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The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse (opposite) of the daily performance of silver bullion as measured by the U.S. Dollar fixing price for delivery in London
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The reverse split today triggered a limit set above $75 post split so this is not the greatest order fill. I still expect PMs to have another leg down so set your shorts at a higher level.
Long term this should still be profitable, just not the obscene out-performer I was planning on.
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Overleverage.
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Short silver in an era of inflation?
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pure contrarian play. this is about as low as anything can get. also, rated "BUY confirmed" at AB
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tmfenochroot
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Silver is undersold. Most industrial metals and stocks have rallied on the improving economy. This one hasn't.
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Will lose tracking accuracy if held more than 1 day, so definitely will underperform in the long run. No brainer.
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outperform
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This ETF is strictly an intraday trade candidate.
Do not buy betting against the spot price of silver as I did. I bought it $12.70 when silver was at $40.02. I just sold it when silver was at $33.05.
You'd think I'd have a nice profit...right. Nope, share price was at $12.62...unbelievable...learn from my mistake.
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selling pressure on those pressed for cash from their silver savings
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buying the dip on banking crises around the corner
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don't mess with silva
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The bubble will eventually burst so expect to ride this one to the top
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The leverage in these along with rebalancing and management costs, plus the long-term upward trend in markets makes them poor performers over the long term. Easy red thumb points.
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silver is going up
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at or near bottom
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With every boom there is a bust!
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