ProShares Ultra Silver (AGQ) surged 5.64% in pre-market trading, mirroring a strong rebound in silver prices driven by escalating geopolitical risks and renewed safe-haven demand.

According to market analysis, silver found solid support near the 73 level after initial declines, rebounding with upward momentum intact. This recovery follows a V-shaped rebound in precious metals markets after the breakdown of U.S.-Iran peace talks over the weekend, which initially triggered a sell-off before safe-haven buying emerged.

The technical outlook for silver remains positive, with analysts targeting resistance near the 80 level. A decisive break above this threshold could pave the way for further gains. This bullish silver price action directly benefits leveraged silver ETFs like AGQ, as investors position for continued precious metals strength amid geopolitical uncertainty.