Stock Track | ProShares Ultra Silver Soars 6% in Pre-Market as Silver Prices Rally on Geopolitical Tensions and Market Uncertainty

Stock Track02-23 22:40

ProShares Ultra Silver (AGQ) surged 6.00% during pre-market trading on Monday, reflecting a significant upward movement for the leveraged silver exchange-traded fund.

The rally in AGQ is primarily driven by a sharp increase in underlying silver prices, which have been boosted by escalating geopolitical tensions in the Middle East, particularly concerns regarding U.S.-Iran relations. These tensions have increased safe-haven demand for precious metals like silver.

Additionally, market uncertainty following a U.S. Supreme Court ruling against former President Trump's tariff policies has pressured the dollar and revived the "sell America" trade, further supporting precious metals. Macroeconomic factors including increased central bank and investment demand for hard assets, expanding fiscal deficits, and falling U.S. real interest rates are also contributing to higher silver prices.

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