Direxion Daily Silver Bull 2X ETF

USLV

Market cap $8.88M

Silver fell towards $58.50 an ounce on Friday as a modest rebound in the US dollar prompted traders to trim positions after two sessions of gains. The metal was down about 0.8% at $58.52 in early trade, snapping a brief recovery that followed the Federal Reserve's decision to keep interest rates unchanged.

To say silver is in the midst of a precipitous decline is an understatement. The iShares Silver Trust (SLV), the largest ETF backed by physical holdings of the commodity, is off 38% over the past six months.