Direxion Daily Silver Bull 2X ETF (USLV) is an exchange-traded fund in the Trading Leveraged Equity category. It has $13.59M in assets and an expense ratio of 1.10%. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in the economic equivalents of silver by investing in one or more Reference ETPs that invest directly in silver and financial instruments that provide 200% daily exposure to the Reference ETPs. It is non-diversified.