ProShares UltraShort Silver (ZSL) Jumps on Silver Plunge

With silver plunging from almost $50 an ounce to under $40 an ounce, ProShares UltraShort Silver (NYSE:ZSL) has been soaring after getting clobbered for a long time.

Shares of ProShares UltraShort Silver were trading at $13.43 on April 28th, and have surged to $19.14, a gain of $1.63, or 9.30 percent, as of 2:31 PM EDT.

Trading volume was up over 6 times the 3-month daily average of 6,603,450. It's almost reached a volume of 40 million for the day.

iShares Silver Trust (NYSE:SLV) was trading at $38.89, falling $1.69, or 4.16 percent, as of 2:35 PM EDT. PowerShares DB Silver (NYSE:DBS) was trading at $69.69, down $3.24, or 4.44 percent. ETFS Physical Silver (NYSE:SIVR) was at $39.53, dropping $1.84, or 4.45 percent. ProShares Ultra Silver (NYSE:AGQ) was trading at $241.38, plunging $23.59, or 8.90 percent.