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Green day on Monday for ProShares UltraShort Silver ETF after gaining 2.33%
(Updated on Nov 17, 2025)
The ProShares UltraShort Silver ETF price gained 2.33% on the last trading day (Monday, 17th Nov 2025), rising from $12.02 to $12.30. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 5.76% from a day low at $11.90 to a day high of $12.58. The price has been going up and down for this period, and there has been a -9.69% loss for the last 2 weeks. Volume fell on the last day by -137 thousand shares and in total, 3 million shares were bought and sold for approximately $33.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $12.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -47.96% during the next 3 months and, with a 90% probability hold a price between $5.40 and $6.58 at the end of this 3-month period. Do note, that if the ETF price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
ZSL Signals & Forecast
There are mixed signals in the ETF today. The ProShares UltraShort Silver ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the ETF. On further gains, the ETF will meet resistance from the long-term Moving Average at $13.41. On a fall, the ETF will find some support from the short-term average at $12.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, November 12, 2025, and so far it has risen 12.53%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for ProShares UltraShort Silver ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $11.49 and $11.33. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, ProShares UltraShort Silver finds support just below today's level at $11.49. If this is broken, then the next support from accumulated volume will be at $11.33 and $10.93.
This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $0.685 between high and low, or 5.76%. For the last week, the ETF has had daily average volatility of 5.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZSL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect ProShares UltraShort Silver ETF to open at $12.26, and during the day (based on 14 day Average True Range), to move between $11.90 and $12.70, which gives a possible trading interval of +/-$0.798 (+/-6.70%) up or down from last closing price. If ProShares UltraShort Silver ETF takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.65 (2.85%) than the support at $11.49 (6.59%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ProShares UltraShort Silver ETF ETF A Buy?
ProShares UltraShort Silver holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score:
-2.982
Sell Candidate
Unchanged
Predicted Fair Opening Price
Predicted fair opening price on November 18, 2025 - $12.26 ( 0.339%).
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ZSL Performance
Trading levels for ZSL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.94 | 5.23% |
| R2 | 12.68 | 3.10% |
| R1 | 12.52 | 1.79% |
| Price | 12.30 | |
| S1 | 12.00 | -2.47% |
| S2 | 11.84 | -3.78% |
| S3 | 11.57 | -5.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.56 | 18.37% |
| R2 | 13.84 | 12.52% |
| R1 | 12.65 | 2.85% |
| Price | 12.30 | |
| S1 | 11.49 | -6.59% |
| S2 | 11.33 | -7.89% |
| S3 | 10.93 | -11.14% |
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