Gold and Silver
VelocityShares’® metals exchange traded product suite includes leveraged long and inverse positions in futures on gold, and silver, as measured by the S&P GSCI indices. While institutional investors have available a variety of instruments (such as futures, swaps, and forwards) to express views on metals, this suite of exchange traded products provides a convenient alternative with unique capabilities.
These products provides institutional investors an exchange traded instrument for managing risk or expressing short-term market views. The long products are designed to increase in value by a daily-resetting 3x multiple of any increase in the underlying index, while the inverse products are designed to increase in value by a daily-resetting 3x multiple of any decrease in the underlying index. For example, an investor interested in being “short silver” could express this view with the inverse silver ETN DSLV.
S&P GSCI index methodology