The tremendous rise that has occurred in the price of silver could be coming to an end.  Two of the biggest driving factors for its huge run recently has been: the weakining dollar and fears of inflation. Yet these two factors especially the weak dollar have already begun to change.

Due to the recent strength of the U.S. Dollar, many investors are fleeing gold and silver due to the inverse relationship it has with the  U.S. Dollar. In the last week alone the dollar is up more than 10%, which is a huge move in currency terms. This is occurring due to the fears of default and recession in the Eurozone, especially Greece.

So instead of the U.S. dollar being the currency that investors are constantly selling, the sentiment has suddenly changed and now the Euro is being sold heavily and all of the assets that are correlated to it, Oil, Gold and Silver are being sold heavily as well.

Silver, by far the most volatile of the two metals (gold and silver),  has already had a huge spike down earlier this year when the Futures Exchanges raised the margin on Silver. Since then Silver has traded virtually sideways, but recently has formed a very common bearish technical pattern called a Head and Shoulders Top.

As of September 12 Silver  has broken down through this major trendline of this head and shoulders top, therefore forecasting a possible decline in Silver of $6 or back to its recent support levels in june of $34.

Luckily for retail investors there is a quick and easy way to short silver wihtout opening up a futures account, and that is through the Leveraged ETF, Proshares Ultra Short Silver ETF (ZSL). This inverse ETF seeks to replicate 2x or 200% inverse or opposite of the daily performance of the silver bullion measured by the U.S. dollar fixing price for delivery in London.

This ETF has an expense ratio of 0.95% and trades on average two million shares a day.

I believe that if Silver completes its forecasted target price a decline of $6, that, ZSL could double in price, as this ETF is currently trading at $12.62.

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