Stock Track | ProShares Ultra Silver Plunges 6.70% in Pre-Market as Silver Prices Tumble on Macroeconomic Shifts
Stock Track
Apr 28
ProShares Ultra Silver (AGQ) plummeted 6.70% in pre-market trading, tracking a sharp decline in silver prices.
Spot silver fell nearly 3% as precious metals faced selling pressure. The downturn follows Morgan Stanley's significant reduction of its gold price target for the second half of 2026, citing a rare supply shock, rising real interest rates, and delayed Federal Reserve rate cuts that have altered the macroeconomic landscape.
The investment bank noted that gold and silver price movements are now less influenced by safe-haven sentiment and more dependent on market liquidity, bond yields, and the pace of Federal Reserve policy adjustments.
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