ProShares UltraShort Silver (ZSL)Trading--Inverse Commodities | Exchange Traded Fund | NYSEArca
27.74 USD
+0.45
(1.649%)
⇧
(Oct. 12, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 6:39 a.m. EDT
This instrument is a leveraged short on silver, and the data confirms a brutal, multi-year structural decline that has erased over 97% of its value since 2016. The most alarming signal is the trailing run of three consecutive years of negative annual returns, which serves as definitive proof of deteriorating fundamentals for the underlying asset and validates the bearish thesis. While the recent price action shows a brief, volatile bounce, the long-term trajectory remains firmly in freefall, making any attempt to hold this position for recovery a losing strategy. The lack of dividends offers no cushion, and the statistical forecasting model provides no help, showing a weak lean with low confidence amidst the noise. Options flow reinforces this grim outlook, with traders piling into deep out-of-the-money puts betting on a further 90% drop, while call interest is negligible. For a short-term trader, the momentum is still technically bearish despite the recent bounce, but the long-term outlook is catastrophic. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.200550 |
| AutoETS | 0.200556 |
| MSTL | 0.214983 |
| AutoTheta | 0.353441 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 32% |
| H-stat | 5.37 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.095 |
| Excess Kurtosis | -0.68 |
As of Oct. 10, 2026, 6:39 a.m. EDT: Speculators are aggressively positioning for a continued collapse, evidenced by massive open interest walls in deep out-of-the-money puts (strikes 1.0, 2.0, 3.0) expiring in early 2027 and 2028. These strikes represent a 90%+ drop from current prices, indicating a bet on a catastrophic failure of the silver rally. Conversely, call activity is sparse and concentrated near the money or slightly out-of-the-money, lacking the volume to suggest a recovery thesis. Implied volatility is significantly elevated for deep puts compared to calls, reflecting a market pricing in extreme downside risk rather than upside potential.
| Attribute | Value |
|---|---|
| All Time High | 479,520.0 |
| All Time Low | 10.87 |
| Ask | 0.0 |
| Ask Size | 2,800 |
| Average Daily Volume10 Day | 3,259,590 |
| Average Daily Volume3 Month | 3,281,850 |
| Average Volume | 3,281,850 |
| Average Volume10Days | 3,259,590 |
| Beta3 Year | -1.64 |
| Bid | 0.0 |
| Bid Size | 2,800 |
| Category | Trading--Inverse Commodities |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 27.81 |
| Day Low | 27.37 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 24.968 |
| Fifty Day Average Change | 2.7719994 |
| Fifty Day Average Change Percent | 0.11102208 |
| Fifty Two Week Change Percent | -78.31118 |
| Fifty Two Week High | 147.9 |
| Fifty Two Week High Change | -120.159996 |
| Fifty Two Week High Change Percent | -0.8124409 |
| Fifty Two Week Low | 14.4 |
| Fifty Two Week Low Change | 13.34 |
| Fifty Two Week Low Change Percent | 0.9263889 |
| Fifty Two Week Range | 14.4 - 147.9 |
| First Trade Date Milliseconds | 1,228,314,600,000 |
| Five Year Average Return | -0.5292772 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.23999977 |
| Fullday Change Percent | -0.8645525 |
| Fullday Price | 27.52 |
| Fund Family | ProShares |
| Fund Inception Date | 1,228,089,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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 and forward contracts) based on the fund’s benchmark. |
| Long Name | ProShares UltraShort Silver |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_51310795 |
| Nav Price | 27.226 |
| Net Assets | 91,493,504.0 |
| Net Expense Ratio | 1.33 |
| Open | 27.36 |
| Phone | 240-497-6400 |
| Pre Market Change | -0.23999977 |
| Pre Market Change Percent | -0.8645525 |
| Pre Market Price | 27.52 |
| Pre Market Time | 1,791,885,300 |
| Previous Close | 27.29 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.449999 |
| Regular Market Change Percent | 1.64895 |
| Regular Market Day High | 27.81 |
| Regular Market Day Low | 27.37 |
| Regular Market Day Range | 27.37 - 27.81 |
| Regular Market Open | 27.36 |
| Regular Market Previous Close | 27.29 |
| Regular Market Price | 27.74 |
| Regular Market Time | 1,791,835,200 |
| Regular Market Volume | 1,737,722 |
| Short Name | ProShares UltraShort Silver |
| Source Interval | 15 |
| Symbol | ZSL |
| Three Year Average Return | -0.68596625 |
| Total Assets | 91,493,504 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -8.85159 |
| Trailing Three Month Returns | -8.85159 |
| Triggerable | 1 |
| Two Hundred Day Average | 25.5803 |
| Two Hundred Day Average Change | 2.1597004 |
| Two Hundred Day Average Change Percent | 0.084428266 |
| Type Disp | ETF |
| Volume | 1,737,722 |
| Yield | 0.0 |
| Ytd Return | -47.76818 |