Velocityshares 3X (USLV) (PSLV) (KBWR) (LBJ) (AGQ) (SOXL) Biggest ETF Losers Friday

Velocityshares 3X (USLV), Sprott Physical Silver Trust (PSLV), Powershares Kbw (KBWR), Direxion Latin America (LBJ), Ultra Silver (AGQ) and Direxion Semiconductor (SOXL) were the largest ETF Losers Friday, November 25.

Velocityshares 3X (USLV) ended the session down 7.81 percent, closing at $41.30. They traded in a range of $41.04 to $44.43. A total of 84,764 shares changed hands.

Sprott Physical Silver Trust (PSLV) ended the session down 5.78 percent, closing at $13.37. They traded in a range of $13.30 to $14.18. A total of 1,126,153 shares changed hands.

Powershares Kbw (KBWR) ended the session down 4.78 percent, closing at $21.90. They traded in a range of $21.85 to $22.34. A total of 16,000 shares changed hands.

Direxion Latin America (LBJ) ended the session down 4.75 percent, closing at $64.77. They traded in a range of $64.77 to $68.25. A total of 15,447 shares changed hands.

Ultra Silver (AGQ) ended the session down 4.63 percent, closing at $54.17. They traded in a range of $54.11 to $56.82. A total of 1,360,960 shares changed hands.

Direxion Semiconductor (SOXL) ended the session down 4.16 percent, closing at $22.58. The stock traded as high as $24.22 and as low as $22.58. A total of 378,745 shares changed hands.

Silver ETFs (SLV) (AGQ) (DBS) (SIVR) (SIL) Soar

Shares of silver ETFs iShares Silver Trust (NYSE:SLV), ProShares Ultra Silver (NYSE:AGQ), PowerShares DB Silver (NYSE:DBS), Physical Silver (NYSE:SIVR) and Global X Silver Miners ETF (NYSE:SIL) jumped Wednesday as silver, gold and the majority of other commodity prices were up on the day.

ProShares UltraShort Silver (NYSE:ZSL) traded down to close at $19.73, losing $1.44, or 6.80 percent. It's down about 65 percent on the year.

The silver contract for May delivery gained $1.61, or 4.8 percent, to $35.10 a troy ounce.

June gold climbed $15.80 to $1,495.80 per troy ounce, a 1.1 percent gain on the Comex division of the New York Mercantile Exchange. The less traded May contract was up $15.80, or 1.1 percent, to $1,495.60 a troy ounce.

A weaker dollar was the major catalyst for gold and silver specifically, and commodities in general on Wednesday.

Benchmark West Texas Intermediate crude for June delivery was up $3.19, or 3.3 percent, to settle at $100.10 a barrel on the New York Mercantile Exchange.

Brent crude rose $2.31 in London, or 2.1 percent, to settle at $112.30 a barrel on the ICE Futures exchange.

The U.S. dollar index, which measures the dollar against a basket of six currencies, traded at 75.438, down a little from 75.441 late Tuesday. That was also a factor in gold and silver prices going up.

Global X Silver Miners ETF (SIL) closed Wednesday at $23.93, gaining $0.49, or 2.09 percent. iShares Silver Trust (SLV) closed at $32.23, up $1.14, or 3.45 percent. ProShares Ultra Silver (AGQ) ended the session at $172.85, soaring $11.39, or 7.05 percent. ETFS Physical Silver (SIVR) closed at $34.89, rising $1.13, or 3.35 percent. PowerShares DB Silver (DBS) ended the day at $61.42, increasing $2.09, of 3.52 percent.

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.

Silver ETFs (DBS) (SIVR) (AGQ) (SLV) (SIL) Trade Mixed as Silver Jumps Again

Shares of silver ETFs PowerShares DB Silver (NYSEArca:DBS), Physical Silver (NYSEArca:SIVR), ProShares Ultra Silver (NYSE:AGQ), iShares Silver Trust (NYSE:SLV) and Global X Silver Miners ETF (NYSE:SIL) closed mixed Tuesday, as silver closed in positive territory.

With silver miners mostly trading down on Tuesday, the Global X Silver Miners ETF (NYSE:SIL) was also down, with the rest of the ETFs listed above closing in positive territory.

Silver also extended its rebound, with the July contract gaining $1.37, or 3.7 percent, to $38.47 an ounce.

Gold for June delivery added $13.70, or 0.9%, to $1,516.90 an ounce on the Comex division of the New York Mercantile Exchange.

Separately, HSBC Global Research boosted its average price estimate for gold, silver and platinum.

HSBC raised its gold price projection to $1,525 an ounce from $1,450 an ounce this year, and to from $1,300 $1,500 for 2012.

For silver, the bank sees it averaging $34 in 2011, up from a previous estimate of $26, and from $20 $29 in 2012.

Platinum is seen closing 2011 from $1,750 to $1,850, according to HSBC, and ending 2012 at $1,750 from $1,650.

For palladium, HSBC sees it averaging $825, from $750, in 2011, and $750 from $650 in 2012.

iShares Silver Trust (NYSE:SLV) closed at $37.52, down $0.54, or 1.46 percent.

ETF Shorts (ZSL) (GLL) (DGZ) (DZZ) Trading Down Today

Shares of gold and silver ETFs and ETNs that short the precious metals are down today, including ProShares UltraShort Silver (NYSE:ZSL), ProShares UltraShort Gold (NYSE:GLL), PowerShares DB Gold Short ETN (NYSE:DGZ) and PowerShares DB Gold Double Short ETN (NYSE:DZZ).

The more volatile silver market and price is reflected in the performance of ProShares UltraShort Silver ETF, which was trading down almost 15 percent today, the usual percentage swing - whether positive or negative - the ETF usually takes on any given day, depending on the price movement swings.

Volume for all the ETFs or ETNs listed above are also far above their 3-month daily averages.

PowerShares DB Gold Short ETN (DGZ) was trading at $14.07, down $0.17, or 1.19 percent, as of 2:15 PM EDT. ProShares UltraShort Gold (GLL) was at $23.99, falling $0.67, or 2.72 percent, as of 2:39PM EDT. ProShares UltraShort Silver (ZSL) was trading at $19.68, down $3.43, or 14.84 percent. PowerShares DB Gold Double Short ETN (DZZ) was at $6.80, dropping $0.16, or 2.30 percent.

EFTs not shorting gold and silver were jumping today, as shares of iShares Silver Trust (NYSE:SLV), ProShares Ultra Silver ETF (NYSE:AGQ), SPDR Gold Trust (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX) and Junior Gold Miners (NYSE:GDXJ) were all trading positive today.

Silver's (SIVR) (AGQ) (SLV) (SIL) After Metal Trades Down

Silver prices continued to be pressured Friday, as it has been weighed down by the investors taking profits in recent trade, and increased margin requirements, which has dragged silver companies Physical Silver (NYSE:SIVR), ProShares Ultra Silver (NYSE:AGQ), iShares Silver Trust (NYSE:SLV) and Global X Silver Miners ETF (NYSE:SIL) down on the week, although most rebounded on Friday.

ProShares UltraShort Silver (NYSE:ZSL) reversed direction, closing Friday at $23.11, down $1.23, or 5.05 percent.

Silver for July delivery dropped 95.3 cents, or 2.6 percent, to $35.29 an ounce on the Comex division of the New York Mercantile Exchange. It had risen as high as $36.43 an ounce in Friday's trading.

The front-month silver contract had its worst week since late March 1980. Silver for May delivery fell 27 percent in the five-day period — its biggest percent drop since that date. The most-active July contract also was down 27 percent on the week.

Silver has lost 14 percent so far in 2011. On April 25, silver had reached as high as $49.845.

Gold for June delivery climbed $10.20, or 0.7 percent, to $1,491.60 an ounce. Gold lost 4.2 percent last week, as it had settled at a record $1,556.40 an ounce the Friday before. Gold fell 4.2 percent on the week.

ProShares Ultra Silver (NYSE:AGQ) closed Friday at $186.56, gaining $7.22, or 4.03 percent.

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.

Silver ETFs (DBS) (SIVR) (AGQ) (SLV) Crushed as Silver Drops

Silver ETFs PowerShares DB Silver (NYSE:DBS), Physical Silver (NYSE:SIVR), ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV) got hit hard Thursday as gold and silver prices continued their fall.

One exception was ProShares UltraShort Silver (NYSE:ZSL), which ended the trading session up again, closing at $24.34, gaining $4.89, or 25.14 percent. A number of commodity ETF shorts have been soaring during the commodity correction.

The silver contract for May delivery closed 8 percent lower, down $3.152, at $36.231 per troy ounce.

Since the Friday settlement price silver has plummeted 25 percent.

Gold for May delivery, the front-month contract, ended the trading session Thursday down $34, or 2.2 percent, at $1,480.90 per troy ounce on the Comex division of the New York Mercantile Exchange.

The U.S. dollar was also up, adding pressure to the two precious metals, as it gained 2 percent against the euro. That came largely from European Central Bank President Jean-Claude Trichet who suggested there will no interest-rate boost in the near future.

Nothing has changed the underlying fundamentals for gold or silver though, and this is just a healthy correction before gold and silver prices begin moving up again.

As long as easy money policies continue by the Federal Reserve and interest rates remain near zero, there is nothing to stop gold and silver prices from continuing to rise.

Inflation, political unrest, sovereign debt crisis and the collapsing U.S. dollar will also play a major role over time for gold and silver prices.

One of the hardest hit silver ETFs was ProShares Ultra Silver (AGQ), which closed Thursday at $179.34, falling $54.86, or 23.42 percent.

Silver ETFs (DBS) (SIVR) (AGQ) (SLV) Trade Down as Silver Takes Beating

Even though silver miners closed mixed on Wednesday as silver prices again got pummeled, that wasn't the case for silver ETFs PowerShares DB Silver (NYSE:DBS), Physical Silver (NYSE:SIVR), ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV), which all closed down big on the day.

ProShares UltraShort Silver (NYSE:ZSL) continued to soar in line with the movement of silver prices, jumping to close at $19.45, up $1.94, or 11.07 percent.

The ongoing plunge in silver prices also pressured other commodities Wednesday as investors sold holdings to take money off the table after weeks of prices rising in the sector.

Silver dropped $3.197, or 7.5 percent, to settle at $39.388 an ounce. That's the third straight day of losses after silver approached the elusive $50 an ounce mark last week.

Silver for July delivery dropped $2.820, at $39.765 per troy ounce.

Despite silver's three-day fall, the price is still 27.3 percent higher on the year.

Gold for June delivery, the most actively traded contract, fell $25.10 to $1,515.30 an ounce.

The U.S. dollar index lost 0.15 percent to $73.01.

ProShares Ultra Silver (AGQ) closed Wednesday at $234.20, falling $30.77, or 11.61 percent.

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.

How (DBS) (SIVR) (ZSL) (AGQ) (SLV) Performed as Silver Continues to Fall

Shares PowerShares DB Silver (NYSE:DBS), Physical Silver (NYSE:SIVR), ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV) were all plunging on Tuesday, along with the price of silver, while ProShares UltraShort Silver (NYSE:ZSL), as expected, continues to climb.

Silver plunged another $3.49 Tuesday to settle at $42.576 per troy ounce on the Comex division of the Nymex. In after hours trading the price almost dropped below $40 an ounce.

Much of this has been the result of he decision by the CME Group to raise margin requirements by 11.6 percent, starting at the close of market on Tuesday.

To buy a 5,000 ounce contract, silver traders will now have to put up $16,200.

Leverage traders cut their silver positions over the last couple of days, driving the price of silver down. Expectations are silver could bottom out as about $38 if there's more leverage abandoning the market.

Other than some speculation, other reasons for the boost in silver prices include the collapsing U.S. dollar, tightening in China, sovereign debt crisis in Europe, unrest in the Middle East, deepening inflation and consequences of the Japanese earthquake. India also raised its interest rates unexpectedly on Tuesday, putting some downward pressure on gold and silver as well.

ProShares UltraShort Silver (ZSL) closed Tuesday at $17.51, gaining $1.61, or 10.14 percent. ProShares Ultra Silver closed at $264.97, dropping $31.53, or 10.63 percent.

Silver ETFs (SLV) (ZSL) (SLV) (AGQ) Plunge as Silver Corrects

Shares of ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV), PowerShares DB Silver Fund (NYSE: DBS) and ETFS Physical Silver Shares (NYSE: SIVR) got hammered as silver prices plunged Monday. ProShares UltraShort Silver (NYSE:ZSL) soared, as it's a play for investors when silver is dropping in price.

Silver prices for July lost $2.51 to settle at $46.08 an ounce, after getting crushed 13 percent, as it fell as low as $42.20.

Gold for June delivery jumped 70 cents Monday to settle at $1,557.10 an ounce at the Comex division of the New York Mercantile Exchange. After losing 2.5 percent to drop to $1,540.30, the yellow metal rebounded to $1,577 an ounce.

The U.S. dollar index changed directions after an rally early in the trading session Monday and was down 0.09 percent at $72.96. The U.S. dollar index was fell almost 4 percent in April and is struggling to keep from breaking below its record low of $71.

It is surprising to see gold and silver pressured, as in April gold was up 8.92 percent and silver a whopping 28.72 percent.

One piece of financial information somewhat ignored Monday because of the hoopla surrounding the death of Osama bin Laden, was the manufacturing report concerning China in April which showed production had slowed down during the month. That should help the price of gold and silver going forward.

ProShares Ultra Silver closed Monday at $296.50, falling $62.46, or 17.40 percent.

ProShares UltraShort Silver (ZSL), (AGQ) (SLV) Trade Mixed Silver, Gold Break Records Again

ProShares UltraShort Silver (NYSE:ZSL), ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV) closed mixed Friday as gold price records continue be broken.

Most-active July silver jumped $1.058, or 2.2%, to a record settlement of $48.599 a troy ounce, while the May contract rose $1.064, or 2.2 percent, to $48.584, just short of its all-time settlement high of $48.70 hit on January 17, 1980. In April, the May silver contract rallied $10.712, or 28.3 percent, to its biggest monthly U.S. dollar gain in Comex history.

Gold futures soared past $1,550 an ounce Friday as investors looked for an alternative to the U.S. dollar, which continues to collapse.

The most-actively traded gold contract, for June delivery climbed $25.20, or 1.6 percent, to settle at a record $1,556.40 a troy ounce on the Comex division of the New York Mercantile Exchange.

It roared past its intraday peak to $1,569.80 in electronic trading after the close. May gold rose $25.20, or 1.6 percent, to end at a nearby record $1,556.00. Measured by percent and the U.S. dollar, it's the largest monthly gains since November 2009.

The ICE Futures U.S. Dollar Index was down 0.2 percent on Friday, increasing demand for the dollar-denominated precious metals by making them less expensive for foreign buyers.

Inflation concerns in America, Europe, China and Russia also has contributed to the jump in gold prices.

Other factors affecting gold and silver are the collapsing U.S. dollar, sovereign debt crisis in Europe, unrest in the Middle East and consequences of the Japanese earthquake.

ProShares UltraShort (ZSL) (AGQ) (SLV) Close Mixed as Silver, Gold Break Records

ProShares UltraShort Silver (NYSE:ZSL), ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV) closed mixed Thursday even as silver and gold prices broke all-time records. It appears investors are taking some profits off the top.

Silver prices for July moved up $1.55 to settle at $47.54 an ounce.

Spot silver jumped almost 4 percent Thursday to an all time high at $49.51 an ounce, surpassing the previous record set in 1980.

Gold prices soared while silver prices climbed Thursday as investors bought the metals against a weak dollar and higher inflation expectations.

Gold for June delivery settled $14.10 higher at $1,531.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price soared to a record intra-day level of $1,538.80 an ounce while the spot gold price rose $6.90.

The ICE Futures U.S. Dollar Index was down 0.4 percent. The collapsing greenback aided dollar-denominated gold and silver by making them less expensive for foreign buyers, generating more demand.

ProShares UltraShort Silver closed Thursday at $13.43, falling $0.23, or 1.68 percent. ProShares Ultra Silver ended the day at $365.26, gaining $3.51, or 0.97 percent. iShares Silver Trust closed at $47.26, up $0.26, or 0.55 percent.

ProShares Ultra Silver (AGQ) (SLV) Soar as Silver Jumps, Gold Prices Rise to New Records

ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV) both made big moves Wednesday, as gold posted new records again and silver soared. ProShares UltraShort Silver (NYSE:ZSL) went in the opposite direction of course.

Gold prices Wednesday climbed to another record, reaching as high as $1,529.20 on the Comex division of the New York Mercantile Exchange, before ending the session at $1,517.10 an ounce for June at the Comex.

At the close of regular trading on Comex, silver for May delivery jumped 91 cents, or 2 percent, to end at $45.96 an ounce. Gold and silver were pushing higher in after-hours trading.

Some of this was the result of Federal Reserve chairman Ben Bernanke saying he won't be doing anything soon to combat the soaring inflation.

Bernanke likes to use the so-called core inflation numbers, which exclude food and fuel, which are part of the surging increase in inflation, but aren't officially counted. Which is why Bernanke can say core inflation will rise 1.3%-1.6%, below its 2% inflation mandate.

As to economic growth, Bernanke admitted it was slowing down in the U.S. in 2011, somewhere in the range of 3.1%-3.3%.

The non-action by the Fed concerning interest rates is a very bullish factor for gold and silver, and will continue to offer support and impetus to the precious metals.

The euro climbed to $1.4782 from Tuesday's $1.464. The U.S. dollar rose against the yen, up to 82.11 yen from Tuesday's 81.53 yen.

ProShares Ultra Silver closed at $361.75, gaining $43.31, or 13.60 percent. iShares Silver Trust closed at $47.00, up 2.97, or 6.75 percent. ProShares UltraShort Silver ended at $13.66, falling $2.10, or 13.32 percent.

ProShares UltraShort Silver (ZSL) Jumps As Silver Pulls Back

Shares of ProShares UltraShort Silver (NYSE:ZSL) were soaring as investors played the expected pullback in silver prices by going short.

Other silver investment vehicles like ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV) were getting hammered on the day.

U.S. silver futures fell as much as 5.4 percent to $44.61 an ounce before fighting back to gain some lost ground.

The plunge in silver came partly from simply taking a breather, but also from an options expiration coming later in the day, as well as waiting to see what Federal Reserve Chairman Ben Bernanke has to say.

ProShares UltraShort Silver was trading at $15.91, gaining $1.33, or 9.12 percent, as of 12:15 PM EDT. ProShares Ultra Silver was trading at $315.61, falling $29.14, or 8.45 percent. iShares Silver Trust was at $43.74, down $2.09, or 4.56 percent.

iShares Silver Trust (SLV) (ZSL) (AGQ) Get Heavy Trading as Silver Approached Record Levels

Silver futures and spot silver soared just shy of record levels today before pulling back some, with ProShares UltraShort Silver (NYSE:ZSL), ProShares Ultra Silver (NYSE:AGQ) and iShares Silver Trust (NYSE:SLV) all getting heavier action than normal.

Spot silver prices fell almost 2 percent, wiping out sharp initial gains, after a technical failure to take out a record price set in 1980 triggered a heavy bout of selling.

Spot silver XAG= dropped 0.8 percent to $46.29 an ounce, off from a session high of $49.31. U.S. silver futures jumped as much as over 8 percent to a intraday high of $49.82 an ounce, off an all-time peak of $50.35 set Jan. 18, 1980.

iShares Silver Trust was trading at $46.60, gaining $1.06, or 2.33 percent, as of 12:23 PM EDT. Volume was almost 3 times the 3-month daily average, up at over 115 million on the day so far.

ProShares Ultra Silver was trading at $357.17, up $16.21, or 4.75 percent. ProShares UltraShort Silver was at $14.05, falling $0.69, or 4.68 percent.

Why SPDR (GLD) (AGQ) (UGL) (SLV) Will Remain Strong

Forget about the clueless mainstream media as it pertains to gold and silver and their relationship to the economy and political process, as there is absolutely nothing in the works which will be able to turn around the plunge toward insolvency of the United States, because there isn't the will to make the necessary changes to financially save the country, giving investments like iShares Silver Trust (SLV), SPDR Gold Shares (GLD), Proshares Ultra Silver (AGQ) and Proshares Ultra Gold (UGL) sustainability and viability for some time to come.

Cutting back on the size of the government and its entitlement programs and military expansionism is the only answer, but neither political party (outside a few individual exceptions) are willing to make the tough decisions, and so will continue to drive the country toward bankrupcty in order to keep themselves in political office.

Even socialist Europe understands they must cut spending and implement austeriy measures, while increasingly socialist America refuses to admit even that. Taxes can't be raised because it's impossible to keep up with the growing liabilities associated with out of control spending. In other words, the American people can't support the outrageous debt being forced upon them, and no amount of taxes can either, as only slashing the budget and the size of government can deal with the issue.

So as the Federal Reserve and Ben Bernanke continue to print money and destroy the collapsing U.S. dollar, gold and silver will enjoy unprecedented support as investors seek safe haven from the monstrous government eating away our spending power, capital and freedoms in order to spend its way to political favor at the cost of the nation.

This guarantees over the long term gold and silver will continue to hold and rise, as there's simply nothing to change that outlook, other possibly than a significant rise in interest rates, which the Federal Reserve, at this time, refuses to do.

Ultra Silver (AGQ) (ZSL) (GLD) (GDX) Close Mixed as Gold, Silver Soar Again

ProShares UltraShort Silver (NYSE:ZSL), ProShares Ultra Silver (NYSE:AGQ), iShares Gold Trust (NYSE:GLD) and Market Vectors Gold Miners ETF (NYSEArca:GDX) closed mixed Wednesday as silver continues its upward climb and gold to break records on almost a daily basis.

After surpassing the $45 level Wednesday, silver prices ended the day up 54 cents to close at $44.46 an ounce. That was also another 31-year high as it pushes to break $50 and move on to an all-time record. Silver traded between $43.835 and $45.400.

Gold prices roared to another intraday record, reaching as high as $1,506.20 an ounce before pulling back to settle for June delivery at $1,498.90 an ounce, an increase of $3.80 at the Comex division of the New York Mercantile Exchange.

Wednesday was the fourth session in a row gold prices broke an intraday record, as well as settling at a new record as well.

Gold and silver prices continue to surge on safe-haven buying with the major impetus at this time probably being a collapsing U.S. dollar. The U.S. dollar index fell 0.84% to $74.43 as it continues to struggle after Monday's S&P downgrade of the U.S. economy and warning of a credit downgrade if the U.S. doesn't quit its outrageous spending and reduce its debt.

The downgrade of the outlook of U.S. debt, sovereign debt crisis in Europe, Chinese inflation, soaring oil prices, and the ongoing fallout from the earthquake in Japan are just some of the other factors offer support to gold.

The gold-silver ratio, which measures how many silver ounces are needed to acquire an ounce of gold, fell under 34 — its lowest level since 1983.

Market Vectors Gold Miners ETF closed Wednesday at $62.10, up $0.46, or 0.75 percent. iShares Gold Trust closed at $146.50, gaining $0.57, or 0.39 percent. ProShares Ultra Silver ended the trading day at $37.63, jumping $15.44, or 5.06 percent. ProShares UltraShort Silver closed at $15.78, falling $0.89, or 5.34 percent.

Look To (ZSL) (AGQ) (SLV) (GLL) (UGL) (GLD) as Gold, Silver Continue Climb

If you like what you see with gold and silver, as gold hits record prices and silver continues to move toward its all-time high while surpassing 31-year highs almost daily, then you may want to look toward investment vehicles like ProShares UltraShort Silver (NYSE:ZSL), ProShares Ultra Silver (NYSE:AGQ), iShares Silver Trust (NYSE:SLV), ProShares UltraShort Gold (NYSE:GLL), ProShares Ultra Gold (NYSE:UGL) or iShares Gold Trust (NYSE:GLD).

Gold and silver miners on the other hand are more volatile and include a lot of other elements typical of any company, such as management quality, debt, and numerous other factors.

That's not to say you won't make money with miners, as a number of them have been shooting up with the price of the precious metals, albeit usually trailing the movements.

Gold is trading over $1,500 an ounce and silver over $45 an ounce a little after 12:00 PM EDT.