ZSL ProShares UltraShort Silver AMEX -8.19% pre-market 29 Jan 2026: Inverse ETF under pressure

ZSL stock opened pre-market at $1.67 and trades -8.19% at $1.57 on heavy activity as silver rallies across markets. The ProShares UltraShort Silver ETF (ZSL) on AMEX is one of the most active tickers in pre-market volume with 622,439,997.00 shares traded versus an average daily volume of 75,339,240.00.

This price move reflects an inverse exposure shock as silver surges; investors should note the fund’s leveraged, short objective and extreme historical drawdown versus silver benchmarks. We examine drivers, technicals, Meyka AI grading, and a short-term forecast to frame trading risks and use cases for ZSL stock.

ZSL stock snapshot: price, volume and basic metrics

ZSL stock trades at $1.57 with a day range of $1.55–$1.76 and a previous close of $1.71. Year high and low sit at $40.13 and $1.55 respectively, underscoring massive historical volatility. Market capitalization is $2,862,653.00 and shares outstanding are 1,823,230.00.

Average pricing context: the 50-day average is $6.82 and the 200-day average is $18.83, showing the fund remains far below multi-month norms. The fund is listed on AMEX in the United States and is classed in Financial Services under Asset Management – Leveraged.

Trading drivers and sector context for ZSL stock

The main driver for ZSL stock is silver futures and retail flows into long silver products like SLV; record retail inflows into silver ETFs have pushed the metal higher and pressured inverse vehicles like ZSL. Retail momentum and large inflows into long silver create asymmetric risk for short/leveraged ETFs source.

Macro forces matter: a weaker U.S. dollar, demand from industry, and speculative positioning have lifted silver prices. That environment can rapidly compress ZSL’s price because the ETF targets inverse exposure through swaps and futures, which face roll and volatility costs.

Technical read and liquidity metrics for ZSL stock

Technicals show oversold momentum but strong negative trend signals: RSI 27.95, MACD -1.47, ADX 45.87 indicating a strong trend. Momentum indicators (CCI -114.40, Stochastic %K 16.80) point to short-term exhaustion but not a confirmed reversal.

Liquidity is extreme today: Volume 622,439,997.00 vs Avg Volume 75,339,240.00 (relVolume 8.26). ATR is 0.69 and on-balance volume is deeply negative, reflecting sizeable sell pressure in the ETF despite silver strength.

Meyka AI rates ZSL with a score out of 100

Meyka AI rates ZSL with a score out of 100: 62.58 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The model weights sector and industry comparisons along with technical metrics and forecasts to reach this grade.

Note: grades are informational only and not investment advice. ZSL’s score reflects high volatility, limited fundamental metrics for ETFs, but adequate liquidity today and a clear structural risk/reward profile tied to silver prices.

Price targets, model outlook and scenario planning for ZSL stock

We provide three scenario targets for active traders and tactical allocations: conservative short-term target $0.50 (fast roll/volatility-driven decline), base case $0.76 (model month projection), and a stress-case recovery to $2.50 if silver reverses sharply. These are tactical reference points, not formal analyst recommendations.

Meyka AI’s forecast model projects a one-month target price of $0.76 from the current $1.57, implying an expected downside of -51.59%. Forecasts are model-based projections and not guarantees; ETF roll, contango, and retail positioning can change these outcomes quickly.

Risk profile and practical uses of ZSL stock

ZSL stock is a leveraged inverse ETF designed for short-term trading or hedging; long-term hold is generally unsuitable due to compounding and decay in volatile markets. Key risks: leveraged exposure, daily reset mechanics, counterparty swap risk, and sharp directional moves in silver.

Practical uses include intraday hedging, short-term tactical bets against silver rallies, and portfolio diversification for sophisticated traders who actively monitor futures and roll cost. Retail traders should be cautious and size positions to withstand abrupt reversals.

Final Thoughts

Key takeaways: ZSL stock is trading at $1.57 pre-market on 29 Jan 2026, down -8.19% amid record silver demand and extreme retail flows into long silver vehicles. The ETF’s massive relative volume today (622,439,997.00 vs 75,339,240.00 average) highlights a liquidity-driven move that can amplify both losses and gains for short-term holders. Technicals show oversold oscillators but a strong negative trend, while sector pressure from rising silver prices works directly against ZSL’s inverse mandate. Meyka AI’s forecast model projects a one-month target of $0.76, implying an expected downside of -51.59% versus the current price; these projections are model-based and not guarantees. Our Meyka grade of 62.58 (B, HOLD) reflects high volatility, limited traditional fundamentals for ETFs, and mixed signals from technicals and flows. Traders using ZSL should treat it as a tactical instrument for short windows, monitor silver futures and ETF flows closely, and size positions to manage the significant decay and risk. For real-time updates and alerts on ZSL stock, visit the ZSL page on Meyka for continuous market signals and AI-powered market analysis.

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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.