ZSL Forecast


Bullish Case: A rebound in silver prices due to increasing industrial demand could enhance ZSL performance. Also, if geopolitical tensions or inflation fears rise, investors may flock to safe-haven assets, potentially driving ZSL higher in the short term.


Bearish Case: With ZSL's historical downtrend of -92% over a decade, continued negative market sentiment and profit-taking may push prices lower. Additionally, high implied volatility indicates market uncertainty, hinting at potential bearish movements in the near term.


Potential Outcomes:

1) Continued decline below $10 (60% chance).

2) Short-term price recovery to $12 (25% chance).

3) Major market correction dragging ZSL to $8 (15% chance).


Trading Oracle: Engage in a bullish strategy by initiating a debit spread with options: buy ZSL 09/20/2024 13.00 calls at a low implied volatility and sell 09/20/2024 15.00 calls to hedge. This setup capitalizes on potential upside while maintaining a favorable risk/reward profile.


July 25, 2024


ProShares UltraShort Silver Forecast

ZSL      ProShares UltraShort Silver











Correlated Assets

Assets that tend to move strongly with ZSL



LI Forecast + Options Trading Strategies   LI  Li Auto (0.61)


VFC Forecast + Options Trading Strategies   VFC  VF (0.59)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.54)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.77)



Uncorrelated Assets

Assets with little price relationship to ZSL



XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.54)


VFC Forecast + Options Trading Strategies   VFC  VF (0.59)


LI Forecast + Options Trading Strategies   LI  Li Auto (0.61)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.77)



Anticorrelated Assets

Assets that tend to move strongly against ZSL



LI Forecast + Options Trading Strategies   LI  Li Auto (0.61)


VFC Forecast + Options Trading Strategies   VFC  VF (0.59)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.54)


ETRN Forecast + Options Trading Strategies   ETRN  Equitrans Midstream (-0.77)





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