ProShares Ultra Silver (AGQ) surged 5.02% during Monday's intraday session, outperforming the broader market as geopolitical tensions in Venezuela drove investors toward safe-haven assets like silver.
The rally was fueled by heightened uncertainty following the US capture of Venezuelan leader Nicolás Maduro, which raised concerns about the stability of the region and its impact on global markets. Silver prices climbed 5.64% alongside gold, as investors sought refuge in precious metals amid the geopolitical turmoil.
Analysts noted that the episode reinforced a backdrop of geopolitical uncertainty, though immediate risks appear limited. The surge in AGQ reflects broader trends in the precious metals sector, where silver has benefited from both safe-haven demand and concerns over potential US import tariffs on refined metal.
Comments