On August 5, ProShares Ultra Silver rose 8.03% in pre-market trading, trading at approximately $72.86/share, with turnover of $8.1486 million.

On the news front, US Treasury Secretary Bessent indicated that negotiations with Iran are underway, with the potential reopening of the Strait of Hormuz under discussion. This development triggered a sharp rebound in precious metals prices, with spot silver surging over 3.5% to above $60.93 per ounce. Silver had already been supported by safe-haven buying driven by elevated US-Iran geopolitical tensions, combined with robust industrial demand from photovoltaic and electronics sectors, providing strong bullish momentum.

As a leveraged ETF that seeks to deliver twice the daily performance of silver bullion, ProShares Ultra Silver amplified the underlying metal's gains, driving the product's significant pre-market advance. The broader precious metals complex has maintained strength in recent weeks, with silver previously trading near $57-58 levels ahead of the Federal Reserve rate decision and steadily climbing on geopolitical risk premiums.

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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)