The analysis focuses on the ProShares UltraShort Silver ETF (ZSL), identifying it as a 'Sell Candidate' with a score of -2.973 as of December 12, 2025. Since November 24, 2025, the ETF has experienced a 33.43% loss, averaging a daily loss of 2.39%. In the short term, ZSL is trading within a broad, declining channel. If the lower trend floor at $7.23 is breached, it would signal a stronger rate of decline. The 3-month trend projects a potential change of -45.68% for ZSL, with possible returns ranging from -49.60% to -25.83%. A 12-month analysis forecasts a -63.25% change, placing the future value between $2.67 and $6.47. On the last trading day, December 12, 2025, ZSL closed at $7.80, a gain of 5.69%, with increased volume. Historically, its 52-week high was $42.66 and the low was $7.14. ZSL is an inverse leveraged ETF, designed to gain from silver price declines, offering short-term opportunities during silver weakness. However, over the medium to long term, structural mechanics like daily rebalancing and leverage introduce decay and tracking error, which can erode returns, especially during extended rallies or sideways trading in silver. The ETF exhibits several negative technical signals, including sell signals from short-term and long-term Moving Averages and the 3-month MACD. Pivots show a buy signal from December 11, 2025. Resistance levels are identified at $7.88, $8.21, $8.33, and $11.42. Support is at $7.38. The ETF is considered very high risk due to its volatility, with a weekly volatility of 7.20%. For Monday, December 15, ZSL is expected to open lower by approximately $0.138, trading at $7.66. The overall evaluation of this ETF is negative.