Riding The Precious Metals Roller Coaster For The Long Term
Gold and silver are under heavy selling pressure today, sending leveraged bearish ETFs sharply higher. ProShares UltraShort Silver (NYSE: ZSL) climbed nearly 14% to trade around $23.88, while Direxion Daily Junior Gold Miners Index Bear 2X Shares (NYSE: JDST) jumped more than 15% to $41.14. These inverse products, designed to deliver twice the opposite daily performance of silver and junior gold miners respectively, are capitalizing on a swift downside move in the underlying assets.
Spot silver is trading at $68.90 US down 4.86 (-6.58%). Spot gold is at $4,350.90 US down 123.50 (-2.76%).
The ProShares UltraShort Silver (NYSE: ZSL ) makes the NYSE top percentage gainer list, currently trading at $23.88 +2.93 (+13.99%).
Direxion Daily Junior Gold Miners Index Bear 2X Shares(NYSE: JDST ) also makes the top gainers list on the NYSE, trading at $41.14 +5.63 (+15.85%)
Today's gains in ZSL and JDST underscore the short-term risks in precious metals tied to U.S. economic data and interest rate expectations. However, the longer-term fundamentals - ranging from reserve diversification to industrial tailwinds - remain firmly supportive.
Visit the Exploring Mining podcast recent episode:
Veteran Investor Jeff Phillips: Mastering Volatility in Junior MiningResearch mining stocks at Investorideas's free stock directory
/Gold_Stocks/Stocks_List
About Investorideas-Where you find the best investing ideas
/About/
Investorideas is a trusted platform for retail investors, serving as a hub for innovative investing ideas for over 25 years. Known for its pioneering coverage of sectors like mining, cleantech, defense, and water stocks, the company and its executives have been featured in high-profile media outlets for its expertise. Investorideas is always at the forefront of investment trends, offering coverage of diverse industries such as AI, mining, and tech. With a mission to empower investors, the company provides breaking news, sector-focused articles, podcasts, and exclusive interviews with leading experts. In addition, its award-winning branded content, AI-driven short videos, and podcasts highlight key investing insights and feature prominent industry leaders.
Why partner with Investor Ideas? Discover our powerful news, PR, social media, and podcast solutions for crypto stocks at Investorideas
/Investors/Services
Why should companies choose Investor Ideas for digital advertising and guest posts?
/Advertise/
Follow us on X: @investorideas, @stocknewsbites
Follow us on Facebook:
Follow Investorideas and the Exploring Mining Podcast on YouTube:
Investors stay ahead by signing up for free stock news alerts at Investorideas
/Resources/Newsletter
Join our free Telegram community.
Contact us for more info
Call 800 665 0411.
Disclaimer/Disclosure Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: Moredisclaimer anddisclosure info/About/Disclaimer Global investors must adhere to regulations of each country. Please read Investorideas privacy policy: /About/Private_Policy
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

Comments
No comment