On August 7, ProShares Ultra Silver rose 8.27% in regular trading, trading at $77.63/share, with turnover of $84.815 million.

On the news front, US Treasury Secretary Bessent stated that negotiations with Iran are underway, with the possibility of reopening the Strait of Hormuz. This development continues to stimulate precious metals prices higher. Silver has been driven up by safe-haven buying amid escalating US-Iran geopolitical tensions, compounded by robust industrial demand from the photovoltaic and electronics sectors, fueling strong bullish momentum in silver prices.

As a 2x leveraged ETF tracking spot silver, AGQ amplifies the daily performance of the underlying metal. The fund seeks to meet its investment objective by investing in financial instruments including swap agreements, futures contracts, forward contracts, and option contracts based on its benchmark, and does not invest directly in any commodity.

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