Stock Track | ProShares Ultra Silver Soars 10.24% in Pre-Market as Precious Metals Rally Continues

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ProShares Ultra Silver (AGQ) surged 10.24% in pre-market trading on Friday, mirroring a broader rally in precious metals at the start of 2026. The ETF's performance aligns with gains in silver and gold-related stocks and ETFs, driven by geopolitical tensions, expectations of lower interest rates, and strong demand from central banks.

Spot silver rose 3.6% to $73.79 per ounce, continuing its record-breaking rally from 2025, which saw a 147% annual gain. The metal's surge is fueled by its designation as a critical U.S. mineral, supply constraints, and rising industrial and investment demand. Similarly, gold climbed 1.4%, reflecting sustained safe-haven demand.

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