ProShares - UltraShort Silver (ZSL) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ProShares - UltraShort Silver (ZSL) trades at $22.10. ProShares UltraShort Silver (ZSL) is an exchange-traded fund (ETF) that seeks to deliver twice the inverse of the daily performance of the Bloomberg Silver SubindexSM. Market cap: $52.9M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 15, 2026Analyst Coverage for ZSL: ZSL does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ZSL against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on ZSL.
How is this calculated? →ProShares - UltraShort Silver (ZSL) Financial Services Profile
ProShares UltraShort Silver (ZSL) offers a leveraged inverse exposure to silver prices, targeting sophisticated investors seeking to profit from short-term declines in the silver market. As a leveraged ETF, ZSL is designed for daily investment objectives and carries inherent risks associated with amplified volatility and potential for rapid value erosion.
What Is the Investment Thesis for ZSL?
ZSL offers a tactical tool for investors with a bearish outlook on silver prices. The fund's -2x leverage can magnify potential gains from a declining silver market. However, the fund is designed for short-term trading strategies due to the effects of compounding, which can lead to significant deviations from the stated leverage factor over longer periods. Key considerations include the investor's risk tolerance, understanding of leveraged ETFs, and the ability to actively manage the position. The fund's performance is highly sensitive to daily movements in silver prices, making it a volatile investment. Investors should carefully consider the potential for rapid losses and the impact of holding the fund for more than one day. The ongoing global economic uncertainty and its impact on precious metals prices will be a key factor influencing ZSL's performance.
Based on FMP financials and quantitative analysis
ZSL Key Highlights
Seeks daily investment results corresponding to two times the inverse (-2x) of the daily performance of the Bloomberg Silver SubindexSM.
- Designed for sophisticated investors with a short-term outlook on silver prices.
- Leveraged nature amplifies both potential gains and losses.
- Not intended for long-term investment due to the effects of compounding.
- Beta of -3.06 indicates a strong inverse correlation with the silver market.
Who Are ZSL's Competitors?
ZSL is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AAPD Direxion Daily AAPL Bear 1X ETF | $11.17 | +1.82% | $60.0M | 57 |
| BRF VanEck Brazil Small-Cap ETF | $15.04 | -0.06% | $20.7M | 47 |
| EFO ProShares - Ultra MSCI EAFE | $76.58 | -1.42% | $29.5M | 47 |
| ERY Direxion Daily Energy Bear 2X ETF | $8.98 | -0.55% | $34.3M | 51 |
| FORH Formidable ETF | $25.08 | +0.31% | $20.5M | 47 |
| DUST Direxion Daily Gold Miners Index Bear 2X ETF | $32.54 | -5.10% | $52.5M | 47 |
| ACDHX AC Alternatives Disciplined Long Short Fund C Class | $16.30 | -0.06% | $50.6M | 51 |
| CBLS Clough Hedged Equity ETF | $30.96 | +1.16% | $61.8M | 47 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ZSL's Key Strengths?
Leveraged exposure provides potential for magnified returns.
- Inverse strategy allows investors to profit from declining silver prices.
- High liquidity due to exchange-traded nature.
- Established track record of ProShares in managing leveraged ETFs.
What Are ZSL's Weaknesses?
Leverage amplifies both gains and losses.
- Designed for short-term trading, not long-term investment.
- Performance can deviate significantly from the stated leverage factor over longer periods.
- High volatility and potential for rapid value erosion.
What Could Drive ZSL Stock Higher?
Global economic uncertainty driving safe-haven demand away from silver.
- Rising interest rates putting downward pressure on precious metals prices.
- Potential changes in monetary policy impacting silver valuations.
- Geopolitical events creating volatility in the silver market.
What Are the Key Risks for ZSL?
Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Unexpected rallies in silver prices leading to significant losses.
- High volatility and potential for rapid value erosion.
- Impact of compounding on long-term performance.
- Changes in regulatory environment for leveraged ETFs.
- Dependence on the performance of the Bloomberg Silver SubindexSM.
What Are the Growth Opportunities for ZSL?
- Increased Volatility in Silver Market: Heightened volatility in the silver market, driven by macroeconomic factors or geopolitical events, can create more trading opportunities for ZSL. The fund's leveraged nature allows investors to potentially profit from short-term price swings. The market size for silver trading can fluctuate significantly based on global economic conditions, with potential daily trading volumes reaching billions of dollars. Timeline: Ongoing.
- Rising Interest Rate Environment: A rising interest rate environment can negatively impact precious metals prices, as investors shift towards higher-yielding assets. This scenario could create a favorable environment for ZSL, as it is designed to profit from declines in silver prices. The potential impact on silver prices is significant, with historical data showing inverse correlations between interest rates and precious metal valuations. Timeline: Ongoing.
- Growing Demand for Inverse ETFs: The increasing demand for inverse ETFs as hedging tools or for expressing bearish views on specific asset classes can drive growth for ZSL. As investors become more sophisticated and seek to manage risk more effectively, the demand for inverse ETFs is likely to increase. The market size for inverse ETFs is estimated to be in the billions of dollars, with continued growth expected. Timeline: Ongoing.
- Expansion of Distribution Channels: Expanding the distribution channels for ZSL, such as through partnerships with online brokers or financial advisors, can increase its accessibility to a wider range of investors. This can lead to higher trading volumes and increased assets under management. The potential reach of new distribution channels is significant, with millions of potential investors accessible through online platforms. Timeline: Ongoing.
- Development of New Silver-Related Products: The development of new silver-related products or indices can create opportunities for ProShares to launch additional leveraged and inverse ETFs, further expanding its product suite and attracting more investors to the ZSL fund. The potential market size for new silver-related products is substantial, with ongoing innovation in the precious metals investment space. Timeline: Ongoing.
What Threats Does ZSL Face?
- Unexpected rallies in silver prices.
- Changes in regulatory environment for leveraged ETFs.
- Increased competition from other leveraged and inverse products.
- Economic downturn impacting demand for silver.
What Are ZSL's Competitive Advantages?
- Brand recognition and reputation of ProShares as a leading provider of leveraged and inverse ETFs.
- Established relationships with financial institutions and market makers.
- Proprietary trading strategies and risk management systems.
- First-mover advantage in offering a leveraged inverse silver ETF.
What Does ZSL Do?
ProShares UltraShort Silver (ZSL) is a specialized exchange-traded fund (ETF) designed for investors who seek to profit from a decrease in the price of silver. Launched by ProShares, a well-known provider of leveraged and inverse ETFs, ZSL aims to deliver twice the inverse (-2x) of the daily performance of the Bloomberg Silver SubindexSM. This index tracks the performance of silver futures contracts. ZSL provides a way for investors to potentially benefit from short-term declines in silver prices without directly shorting silver or silver futures. The fund employs a combination of financial instruments, including swaps, futures contracts, and other derivatives, to achieve its investment objective. These instruments allow the fund to amplify the daily percentage change in the value of the underlying index. However, due to the effects of compounding, the fund's performance over periods longer than one day can differ significantly from the performance of the index multiplied by the stated leverage factor. ZSL is not intended as a long-term investment and is best suited for sophisticated investors who actively monitor their positions and understand the risks associated with leveraged and inverse ETFs. The fund's value can erode quickly, especially in volatile markets or if the investor holds the fund for an extended period. ProShares UltraShort Silver is domiciled in the United States.
What Products and Services Does ZSL Offer?
- Provides leveraged inverse exposure to silver prices.
- Seeks to deliver twice the inverse (-2x) of the daily performance of the Bloomberg Silver SubindexSM.
- Uses financial instruments like swaps and futures contracts to achieve its investment objective.
- Offers a way for investors to potentially profit from short-term declines in silver prices.
- Trades on major exchanges, providing liquidity and accessibility to investors.
- Offers a tool for hedging against potential losses in silver-related investments.
How Does ZSL Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Employs a leveraged strategy to amplify returns, both positive and negative.
- Utilizes derivatives, such as swaps and futures contracts, to achieve its investment objective.
- Trades actively to maintain the desired leverage ratio and track the underlying index.
What Industry Does ZSL Operate In?
The leveraged ETF market is a subset of the broader asset management industry, offering specialized products designed to amplify returns or provide inverse exposure to various asset classes. These ETFs cater to sophisticated investors seeking short-term trading opportunities. The competitive landscape includes firms like ProShares, Direxion, and other ETF providers that offer similar leveraged and inverse products. The growth of this market is driven by demand for tactical investment tools and the increasing sophistication of retail and institutional investors. However, regulatory scrutiny and investor education remain critical to ensure responsible use of these products.
Who Are ZSL's Key Customers?
- Sophisticated investors seeking short-term trading opportunities.
- Hedge funds and institutional investors with bearish outlooks on silver.
- Active traders looking to profit from daily price movements in silver.
- Investors seeking to hedge against potential losses in silver-related investments.
Key Financial Metrics
Return on equity for ProShares - UltraShort Silver stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. ZSL trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
How ProShares - UltraShort Silver Is Valued
ProShares - UltraShort Silver carries a market capitalization of $52.9M, placing it in the micro-cap category.
Financial Health
ProShares - UltraShort Silver's Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny.
ZSL Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the long-term outlook for silver prices, indicating potential gains for ZSL.
- Community sentiment around silver has shifted positively as inflation concerns rise, boosting demand for precious metals as a hedge.
- Increased discussions on social platforms about the potential for a silver rally could attract more investors to ZSL.
- Recent geopolitical tensions have historically led to higher silver prices, which could enhance ZSL's performance in the near future.
Bear Case
- The overall bearish sentiment in the commodities market may dampen enthusiasm for silver, affecting ZSL negatively.
- Recent market analyses indicate that economic recovery could reduce demand for safe-haven assets like silver, impacting ZSL's appeal.
- Community discussions have highlighted skepticism about silver's price stability, leading to mixed feelings toward ZSL.
- Insider selling activity has raised concerns about the company's future direction, creating uncertainty among investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
ZSL Latest News
No recent news available for ZSL.
ZSL Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ZSL.
Price Targets
Wall Street price target analysis for ZSL.
ZSL MoonshotScore
What does this score mean?
The MoonshotScore rates ZSL 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
ProShares - UltraShort Silver Financial Services Stock: Key Questions Answered
What does ProShares - UltraShort Silver do?
ProShares UltraShort Silver (ZSL) is a leveraged exchange-traded fund (ETF) designed to provide investors with twice the inverse (-2x) of the daily performance of the Bloomberg Silver SubindexSM. This means that the fund aims to deliver gains when the price of silver decreases and losses when the price of silver increases, with the returns amplified by a factor of two.
What do analysts say about ZSL stock?
Given that ZSL is an ETF designed to track the inverse performance of a silver index, traditional analyst ratings are not typically applied. Instead, analysis focuses on the factors driving silver prices and the suitability of ZSL for specific investment strategies. Key valuation metrics include the fund's expense ratio and its tracking accuracy relative to the underlying index.
What are the main risks for ZSL?
The primary risk associated with ZSL is the potential for significant losses due to its leveraged nature. Because the fund seeks to deliver twice the inverse of the daily performance of the Bloomberg Silver SubindexSM, any unexpected rallies in silver prices can lead to rapid value erosion.
What are the key factors to evaluate for ZSL?
Evaluate ZSL on fundamentals, analyst consensus, and risk factors. ZSL offers a tactical tool for investors with a bearish outlook on silver prices. Not financial advice.
How frequently does ZSL data refresh on this page?
ZSL's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven ZSL's recent stock price performance?
ProShares - UltraShort Silver (ZSL) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Leveraged exposure provides potential for magnified returns. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ZSL overvalued or undervalued right now?
ProShares - UltraShort Silver (ZSL) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research ZSL before investing?
Before investing in ProShares - UltraShort Silver (ZSL), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Leveraged ETFs are complex financial instruments and are not suitable for all investors.
- Past performance is not indicative of future results.
- Investors should carefully read the fund's prospectus before investing.