The precious metals witnessed a negative trend for the second consecutive day nowadays with Gold plunging by Rs one hundred seventy per ten gm to settle at Rs 18,400 and Silver declined slightly by Rs 15 per kg to Rs 29,805 on significant selling pressure from industrial users and discouraging global advice, traders at the Bombay Bullion Association (BBA) said.

Like PowerShares' futures-primarily based gold ETF, PowerShares DB Gold Fund(DGS), DBS utilizes an optimium-yield investing strategy which makes an attempt to shield against falls when silver futures are in contango and use the advantages that come when futures are in backwardation. Futures.Rather than tracking silver bullion, the PowerShares DB Silver Fund(DBS) seeks to mimic movements in the worth of silver utilizing futures contracts. Going forward, this fund could take heat as the CFTC continues to mull the chance of instilling tighter position limits on futures-backed commodity ETFs.

Prepare For The Dollar Decline With Precious Metals Precious Metals - The Perfect Security Investment ProShares manages 2 ETFs that permit investors to take leveraged bullish and bearish bets on silver. However, like DBS, AGQ and ZSL are currently in Washington's regulatory crosshairs as the SEC investigates the employment of derivatives in ETFs.

Though it has done an adequate duty tracking silver, investors have failed to point out the same interest in DBS as they need in physically-backed ETF possibilities. The ProShares Ultra Silver ETF(AGQ) and therefore the ProShares UltraShort Silver ETF(ZSL) deliver 2X the daily move in silver, boast ample volume and are applicable for refined investors searching for a short term play on this precious metal.