ProShares Ultra Silver (AGQ) surged 8.46% during Tuesday's intraday trading session, significantly outperforming the broader market. The rally was driven by heightened geopolitical tensions in Venezuela, which spurred demand for safe-haven assets like silver.
The uncertainty followed the US capture of Venezuelan leader Nicolás Maduro, raising concerns about regional stability and its impact on global markets. Silver prices climbed alongside gold as investors sought refuge in precious metals amid the turmoil. Analysts noted that the episode reinforced a backdrop of geopolitical uncertainty, with silver benefiting from both safe-haven demand and potential US import tariffs on refined metal.
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