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New ETF USLV Will Shine if Silver Rebounds
['Todd Shriber', 'July', 'Min Read']
Yahoo Finance
Whether legitimate rebounds are afoot for the precious metals is to be determined, but risk-tolerant traders willing to wager on a silver resurgence may want to consider the Direxion Daily Silver Bull 2X ETF (USLV).
USLV, which debuted in May, attempts to deliver 2x of the daily returns of spot silver prices using the aforementioned SLV as a reference tool.
That said, USLV could shine if silver rallies past some resistance areas in convincing fashion.
What Needs to Happen to Stoke a Silver RallyIdentifying catalysts for silver and USLV isn't difficult.
The Silver Institute forecasts a silver shortage of approximately 67 million ounces in 2026, with physical inventory depletion providing medium- to long-term support for silver prices.