ProShares Ultra Silver (AGQ) surged 10.27% in the night session, driven by strong demand for gold and silver as safe-haven assets. The rally followed gold breaking above the psychological milestone of $4,600 an ounce for the first time, fueling gains across precious metals stocks and ETFs.
The rise in AGQ reflects broader market trends where investors are flocking to precious metals amid expectations of rate cuts and heightened safe-haven demand. This movement underscores the strong correlation between silver ETFs and underlying commodity prices.
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