27-Mar-2026
Precious metals are failing to be safe havens during market turmoil – Inside Edge Capital
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ProShares Announces ETF Share Splits
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ProShares UltraShort Silver seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance the Bloomberg Silver Subindex. The Bloomberg Silver Subindex (the "Silver Subindex"), a subindex of the Bloomberg Commodity Index. The Silver Subindex is intended to reflect the performance of silver, as measured by the price of COMEX silver futures contracts, including the impact or rolling, without regard to income earned on cash positions. The Silver Subindex is not directly linked to the "spot price" of silver. Futures contracts may perform very differently from the spot price of silver. The Silver Subindex is based on the silver component of the Bloomberg Commodity Index and tracks what is known as a rolling futures position. Unlike equities, which entitle the holder to a continuing stake in a corporation, commodity futures contracts specify a delivery date for the underlying physical commodity or its cash equivalent. The Silver Subindex is a "rolling index," which means that the Silver Subindex does not take physical possession of any commodities.
ProShares Ultrashort Silver trades on the ARCA stock market under the symbol ZSL.
As of March 27, 2026, ZSL stock price declined to $26.42 with 12,062,187 million shares trading.
ZSL has a beta of -2.13, meaning it tends to be less sensitive to market movements. ZSL has a correlation of 0.14 to the broad based SPY ETF.
ZSL has a market cap of $121.29 million. This is considered a Micro Cap stock.
In the last 3 years, ZSL traded as high as $986.40 and as low as $14.40.
ZSL has underperformed the market in the last year with a return of -90.7%, while the SPY ETF gained +13.1%. In the last 3 month period, ZSL fell short of the market, returning -43.2%, while SPY returned -7.9%. However, in the most recent 2 weeks ZSL has outperformed the stock market by returning +25.8%, while SPY returned -4.0%.
ZSL support price is $26.34 and resistance is $31.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZSL shares will trade within this expected range on the day.
