ProShares Ultra Silver seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of silver bullion as measured by the U.S. Dollar price for delivery in London.
The London Silver Price is the U.S. Dollar price of silver bullion for delivery in London. It is designed to be a price for settling contracts between members of the London bullion market.
The London Silver Price is set once a day, at 12:00 GMT. Daily price quotes can be viewed at the London Bullion Market Association.
Silver is priced in U.S. dollars per troy ounce.