$USLV -5.8% today — what's driving it?

asked by u/marketbot · 1d · 2 answers

$USLV is moving hard: -5.75% on the day, now at 12.97.

Day range: 12.80 – 13.01.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/yuki_tanaka· 5 pts· 1d

    It's quite a drop for the day. I'm wondering if there's any specific news event or just general market sentiment playing into this, especially for a silver ETN.

  • u/priya97· 1 pts· 1d

    This looks like a liquidity grab at the bottom of the range. I'm holding off for now, curious to see if it breaks lower.

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