Wednesday, May 11, 2011

ETFs (SLV) (DBS) (SIVR) (AGQ) (SIL) Getting Crushed

Shares of silver ETFs iShares Silver Trust (NYSE:SLV), PowerShares DB Silver (NYSE:DBS), Physical Silver (NYSE:SIVR), ProShares Ultra Silver (NYSE:AGQ) and Global X Silver Miners ETF (NYSE:SIL) like are taking a beating today as the price of silver plunged again as the silver market continues to be volatile.

ProShares UltraShort Silver (NYSE:ZSL) on the other hand is soaring, climbing to $21.78, up $2.99, or 15.93 percent, as of 2:15 PM EDT.

Silver futures prices were down 7.3 percent $35.660 per troy ounce on the Comex division of the New York Mercantile Exchange.

The most actively traded gold contract, for June delivery, was recently down $14.60, or 1%, at $1,502.30 per troy ounce.

iShares Silver Trust (SLV) was trading at $34.38, falling $3.14, or 8.37 percent, as of 2:19 PM EDT. PowerShares DB Silver (DBS) was at $61.61, down $5.81, or 8.62 percent. Physical Silver (SIVR) was trading at $35.09, dropping $3.17, or 8.29 percent. ProShares Ultra Silver (AGQ) was at $181.72, plunging $38.68, or 17.55 percent. Global X Silver Miners ETF (SIL) was at $23.75, down $1.84, or 7.19 percent.

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