SLV 3x Short surges 21% as Silver plunges 7% on 24 June
$Silver - main 2609(SImain)$ fell up to 10% during Wednesday (24 June)'s trading session before paring some losses to close down 7%. The drop came as other commodities and precious metals fell on a hawkish fed and rising inflation.
Amplifying the move on Silver, the $SLV 3xShortSG280609(SVSW.SI)$ rose 21% as of 24 June's intrinsic close. Conversely, the $SLV 3xLongSG280609(SLSW.SI)$ sank a similar magnitude.
Since listing, the SLV 3x Short DLC has risen 50%, buoyed by the underlying's roughly 15% decline over the same period.
Investors who expect further weakness can consider the SLV 3x Short DLC to magnify exposure and benefit from any price declines, while those who anticipate a rebound can consider the SLV 3x Long DLC to benefit from any price increase.
By tracking the largest and most-liquid Gold and Siver ETFs globally, SocGen's newly-launched GLD and SLV DLCs provide investors with up to 5x leveraged and inverse exposure to Gold and Silver, and are the first of such products to be listed on the SGX.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This advertisement is distributed by Société Générale, Singapore Branch. This advertisement does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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