Friday, May 6, 2011

Silver ETFs (DBS) (SIVR) (AGQ) SLV) Soaring Today

Shares of silver ETFs PowerShares DB Silver (NYSEArca:DBS), ETFS Physical Silver (NYSEArca:SIVR), ProShares Ultra Silver (NYSEArca:AGQ) and iShares Silver Trust (NYSEArca:SLV) are rebounding nicely today after getting crushed over the last week.

That has been beneficial for ProShares UltraShort Silver (NYSEArca:ZSL), which partook in the price decline, although it's predictably falling in Friday trading.

Silver ETFs have lost close to 30 percent over the last week as silver plunged on profit-taking and the decision to boost margin requirements.

Volume for all the silver ETFs listed above are higher, with iShares Silver Trust closing in on 160 million shares exchanging hands.

iShares Silver Trust was trading at $34.44, gaining $0.72, or 2.13 percent, as of 2:09 PM EDT. ProShares Ultra Silver was at $186.89, up $7.55, or 4.21 percent. PowerShares DB Silver was trading at $61.78, rising $1.40, or 2.32 percent. ETFS Physical Silver was at $35.15, jumping $0.75, or 2.18 percent.

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