Stock Track | ProShares Ultra Silver Soars 8.47% Intraday on Silver Rebound and Geopolitical Tensions

Stock Track
Feb 06

The ProShares Ultra Silver ETF (AGQ) surged 8.47% during intraday trading on Friday, mirroring a sharp rebound in the underlying silver market.

The move follows a volatile period for precious metals, with spot silver staging a V-shaped recovery to rise above $70 per ounce after earlier steep declines. Analysts point to renewed geopolitical tensions, particularly warnings from Iran regarding U.S. military bases in the Middle East, as a key factor supporting safe-haven demand for metals.

Concurrently, market commentary highlighted a broader precious metals recovery from recent lows, driven by buying at lower price levels. A bullish long-term outlook for silver, underpinned by fiat currency hedging demand and positive analyst sentiment, further contributed to the positive momentum driving the ETF's significant gain.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10