Hot ETFs to Watch Today

iShares Silver ETF ($SLV) - Taking advantage of a weak US Dollar and more money flowing into the precious metals, $SLV is back to the best level since September. Even though the ETF is up 36% from the December low, it is well off the high set last April.

EG Shares Emerging Markets Consumer ETF ($ECON) - On pace to close at its best level since it began trading during the third quarter of 2010. Since 9/15/10 the ETF is up 21% versus a gain of only 2% for the iShares Emerging Market ETF ($EEM). I prefer $ECON over $EEM any day!!

Global X Social Media ETF ($SOCL) - Up over 3% today as several of its holdings ($RENN, $GPRN, and $ZNGA) are having solid days. I am still skeptical of the ETF, but the momentum may continue to push it higher.

* My firm owns shares of SLV and ECON.