ZSL Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

ProShares UltraShort Silver (ZSL) Moving Averages Convergence Divergence (MACD) indicator is -0.11, suggesting ZSL is Strong buy.

ProShares UltraShort Silver (ZSL) 20-Day simple moving average is 21.6, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Buy.

ProShares UltraShort Silver (ZSL) 60-Day simple moving average is 22.14, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Buy.

Technical Analysis for ZSL

Technical Sentiment Analysis for ProShares UltraShort Silver (ZSL). As of 2026-05-04, ProShares UltraShort Silver (ZSL) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 9 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZSL stands at 52.51, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.11, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 67.5 and the Commodity Channel Index (CCI) at 65.11 further confirm a 3.49 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, ZSL is trading below its 60-day moving average of $22.14 and below its 200-day long-term moving average of $100.03. Key price levels to watch include the immediate resistance at $24.47 and strong support at $19.87. A break above $24.47 could signal a bull continuation, while falling below $19.87 may test the next Fibonacci floor at $17.61.

ProShares UltraShort Silver (ZSL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	15.27	17.61	19.87	22.21	24.47	26.81	29.07
Fibonacci	17.61	19.36	20.45	22.21	23.96	25.05	26.81

ProShares UltraShort Silver (ZSL) Technical Indicators

2026-05-04

Name	Value
Relative Strength Index (RSI)	52.51
Stochastic Oscillator	67.5
Stochastic RSI	74.76
Commodity Channel Index (CCI)	65.11
Awesome Oscillator	-0.27
Momentum	3.49
MACD	-0.11

ProShares UltraShort Silver (ZSL) Relative Strength Index (RSI) is 52.51, creating a Neutral signal.

ProShares UltraShort Silver (ZSL) Stochastic Oscillator is 67.5, creating a Neutral signal.

ProShares UltraShort Silver (ZSL) Stochastic RSI is 74.76, creating a Neutral signal.

ProShares UltraShort Silver (ZSL) Commodity Channel Index (CCI) is 65.11, creating a Neutral signal.

ProShares UltraShort Silver (ZSL) Awesome Oscillator is -0.27, creating a Sell signal.

ProShares UltraShort Silver (ZSL) Momentum is 3.49, creating a Buy signal.

ProShares UltraShort Silver (ZSL) MACD is -0.11, creating a Sell signal.

ProShares UltraShort Silver (ZSL) Moving Average

2026-05-04

Period	Simple	Signal
5-Day	22.86	Buy
10-Day	22.12	Buy
20-Day	21.6	Buy
60-Day	22.14	Buy
200-Day	100.03	Sell
250-Day	134.82	Sell

ProShares UltraShort Silver (ZSL) 5-Day simple moving average is 22.86, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Buy.

ProShares UltraShort Silver (ZSL) 10-Day simple moving average is 22.12, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Buy.

ProShares UltraShort Silver (ZSL) 20-Day simple moving average is 21.6, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Buy.

ProShares UltraShort Silver (ZSL) 60-Day simple moving average is 22.14, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Buy.

ProShares UltraShort Silver (ZSL) 200-Day simple moving average is 100.03, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Sell.

ProShares UltraShort Silver (ZSL) 250-Day simple moving average is 134.82, while ProShares UltraShort Silver (ZSL) share price is $23.05, making it Sell.