ProShares Ultra Silver (AGQ) surged 5.67% in pre-market trading on Tuesday, as the leveraged exchange-traded fund amplified gains from a rally in silver prices.
The move reflects a broader strength in precious metals, with silver leading the advance amid a risk-on market sentiment that favored leveraged products. AGQ is designed to deliver twice the daily performance of silver prices, using derivatives to magnify spot metal moves, which enhances returns during trending markets.
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