Back on March 23 rd (Click here!) I was very worried about the $16 resistance level on Silver SLV in the longer term,and was anticipating a downside reversal once it would reach that long term resitance line ! This level has proven to be a trap where most people went long SLV : "Weeee it's going to break to the upisde,let's buy !!" .. wrong wrong wrong ! My short term scenario for Silver SLV is the following : A bounce off the $13 level up to $14.5 followed by another leg lower towards $12-$11.5.

Since early 2009 there are two double ETF's on SLV you can trade :

ZSL (Double short Siver) and AGQ (Double long Silver).

SLV : iShares Silver Trust.