{
    "type": "ETC",
    "leverage": true,
    "derivatives": true,
    "swaps": true,
    "inverse": false,
    "replication_method": "synthetic",
    "ucits": false,
    "complex_factors": [
        "Leverage",
        "Synthetic replication",
        "Daily compounding effect",
        "Counterparty risk",
        "Futures rolling costs"
    ],
    "classification": "complex",
    "supporting_data": "The WisdomTree Silver 2x Daily Leveraged ETC exhibits multiple complexity indicators under MiFID II. It uses synthetic replication via fully funded swaps to achieve 2x daily leveraged exposure to silver futures, which introduces counterparty risk and requires understanding of daily compounding effects. The product's high risk rating (7/7), leverage mechanism, and reliance on derivatives for performance amplification make it unsuitable for retail investors without specialized knowledge. The KIID explicitly states it is 'not simple and may be difficult to understand,' reinforcing its complex classification. The presence of roll costs from futures contracts and potential tracking error due to compounding further complicates its risk profile.",
    "confidence": 95
}