S 3x Daily Long Silver 

ETFS 3x Daily Long Silver (SI3L) is designed to enable investors to gain a three times 'leveraged' exposure to a total return investment in silver futures contracts by tracking the Bloomberg Silver Subindex (the Index) and providing a collateral yield. A daily leveraged exposure means that the product is designed to reflect 300% of the daily percentage change in the Index level. For example, if the Index was to decrease in value by 5% on a particular day, the product is designed to decrease in value by 15% on that day (minus fees and expenses). SI3L is an exchange traded commodity (ETC). It is not a UCITS product. Securities in this ETC are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC is backed by swaps.