On August 7, ProShares Ultra Silver rose 8.03% in pre-market trading, trading at $78.43/share, with turnover of $3.1051 million.

On the news front, US Treasury Secretary Bessent indicated that negotiations with Iran are ongoing, with a possible reopening of the Strait of Hormuz. This development has continued to stimulate precious metals prices higher. Silver has been driven upward by safe-haven demand amid escalating US-Iran geopolitical tensions, compounded by robust industrial demand from the photovoltaic and electronics sectors, providing strong bullish momentum for silver prices.

As a leveraged ETF that provides two times the daily performance of silver bullion, ProShares Ultra Silver amplifies intraday silver price movements, resulting in the significant pre-market gain. The fund seeks 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.)