Interesting how ZSL was 12.83 at the end of April when silver was 48ish, now it's 12.81 and silver is 40.77 (as of this posting)
Maybe better to short ZSL instead of go long AGQ if one thinks (as most of us do) silver heads higher to the end of the year. My math skills suck, am I correct on this?
Silver, roughly 32 to 41... AGQ roughly 154 to 224, gain of 46%
if one had shorted 100 shares ZSL... roughly 24 to 13, gain of $1100 on an investment of $2400, that's also 46%
if you stayed short zsl from late april, you have made all your money back.
if you stayed long agq from late april you still have a long way back to the old high.
its the decay
as Ag rises your zsl position diminshes each day (your next day bet is smaller), opposite with agq, your bet is expanding