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ProShares UltraShort Silver (ZSL) Shares Cross Above 200 DMA
Source: Nasdaq
Market Technicals & FlowsCommodity FuturesDerivatives & Volatility
ProShares UltraShort Silver ETF (ZSL) rose about 4% on Wednesday and crossed above its 200-day moving average of $27.44, trading as high as $27.98. The technical breakout signals positive near-term momentum for the inverse leveraged silver ETF, implying downside pressure on silver prices.
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