ZSL ProShares UltraShort Silver (AMEX) +49.37% pre-market 02 Feb 2026: watch
ZSL stock surged 49.37% pre-market to $2.36 on heavy trading, making ProShares UltraShort Silver one of the most active tickers on the AMEX on 02 Feb 2026. The exchange-traded fund seeks -2x daily exposure to silver and reacts sharply to metal volatility. Volume hit 1,002,244,056 shares versus an average of 100,796,627, signaling outsized flows into short silver positioning. Traders should note the fund’s inverse leveraged structure and the steep year-to-date and multi-year declines that amplify both gains and losses.
ZSL stock: Market snapshot and key metrics
ProShares UltraShort Silver (ZSL) traded pre-market at $2.36 on AMEX in the United States, up 49.37% from a previous close of $1.58. Day range pre-market ran from $2.01 to $2.80, with an open at $2.10. Market cap stands at $4,330,171.00 and shares outstanding total 1,823,230.00, reflecting a small-cap ETF structure. The fund’s 50-day average price is $6.41 and 200-day average is $18.50, highlighting extreme long-term decline from a year high of $40.13 and a year low of $1.44.
ZSL stock: What drove the pre-market move
The immediate driver is a sharp silver price swing and heightened futures volatility reported in commodity coverage, which pushes inverse leveraged instruments. Reuters and commodity feeds noted margin adjustments and broad metals selling pressure earlier in the session. Volume acceleration — relative volume 9.85 — suggests tactical and speculative flows rather than steady institutional accumulation. News trackers list recent commentaries on silver futures and margin changes as context for the spike Investing.com ETF page.
ZSL stock: Technicals, liquidity and volatility
Technically ZSL shows oversold indicators with RSI 27.95 and CCI -114.40, indicating extreme near-term pressure before the bounce. MACD sits at -1.47 with a signal line at -1.46, pointing to a nascent momentum shift. Average true range is 0.69, and Bollinger Band middle sits at 6.56, so current price is well below recent averages. Liquidity is exceptional today: volume 1,002,244,056.00 versus avg 100,796,627.00, producing a relVolume of 9.85 and wide intraday swings.
ZSL stock: Meyka AI grade and model forecast
Meyka AI rates ZSL with a score out of 100. Meyka AI rates ZSL with a score of 62.54 out of 100 (Grade: B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects ZSL at $2.31 in one month compared with the current $2.36, implying a projected downside of -2.12%. Forecasts are model-based projections and not guarantees. For additional data, see trading activity on the Nasdaq ZSL page Nasdaq ZSL.
ZSL stock: Risk profile and strategy notes
ZSL is an inverse leveraged ETF; its performance tracks -2x the daily Bloomberg Silver Subindex, so path dependency causes compounding risk in multi-day moves. The fund has no earnings, EPS, or standard valuation ratios, and key metrics report zeros because it is an ETF structure, not a corporate issuer. Short-term traders should manage stop levels tightly, given ATR 0.69 and extreme intraday range. Longer-term investors should view ZSL as a tactical tool for short-duration exposure rather than a buy-and-hold instrument.
ZSL stock: Price targets, sector context and trader insights
Realistic near-term price targets should be framed by silver spot moves and volatility metrics rather than traditional valuation models. A conservative technical rebound target sits near $3.50 if metal short-covering continues, while sustained silver strength could push retracements toward $6.00. Conversely, renewed metal declines could test year lows near $1.44. In the Financial Services sector and the Asset Management – Leveraged industry, ZSL’s risk-return profile remains higher than plain-vanilla commodity ETFs. For an internal overview and live data, consult our platform page for ZSL at Meyka: ZSL on Meyka.
Final Thoughts
ZSL stock’s pre-market surge to $2.36 on 02 Feb 2026 is driven by outsized volume of 1,002,244,056.00 and sharp swings in silver futures, making it one of the most active AMEX listings. The ETF’s inverse, leveraged mechanics produce volatile, path-dependent moves, underscored by an RSI of 27.95 and a relVolume near 9.85. Meyka AI rates ZSL 62.54/100 (Grade B, HOLD) and models a one-month price of $2.31, implying -2.12% from today’s level; forecasts are model-based and not guarantees. Traders should treat ZSL as a short-duration tactical instrument, use tight risk controls, and watch macro drivers like dollar strength, Fed signals, and commodity margin actions. Meyka AI, an AI-powered market analysis platform, flags ZSL for active monitoring rather than passive allocation given its leverage and liquidity profile.
FAQs
What is ZSL stock and how does it work?
ZSL stock is ProShares UltraShort Silver ETF on AMEX that seeks -2x the daily return of the Bloomberg Silver Subindex using swaps and futures. It is designed for short-term inverse exposure and is not suitable for buy-and-hold strategies due to compounding.
Why did ZSL stock spike pre-market on 02 Feb 2026?
ZSL stock spiked on heavy trading after a sharp move in silver futures and margin-related flows. Volume surged to 1,002,244,056.00 and relVolume reached 9.85, indicating speculative and tactical positioning drove the move.
What is Meyka AI’s forecast and grade for ZSL stock?
Meyka AI rates ZSL 62.54/100 (Grade B, HOLD). Meyka AI’s forecast model projects $2.31 in one month from the current $2.36, implying -2.12%. Forecasts are model projections and not guarantees.
How should traders manage risk with ZSL stock?
Traders should use tight stops and limit exposure duration because ZSL’s inverse leverage causes path-dependent outcomes. Monitor ATR 0.69, intraday ranges, and silver futures moves to manage position sizing and stops.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.