ProShares Ultra Silver (AGQ) experienced a sharp decline of 15.35% during intraday trading on Thursday, reflecting heightened volatility in the silver market.
The plummet comes as traders engage in profit-taking following a significant rally in silver prices, with some investors locking in gains after silver approached historical highs. Additionally, the Federal Reserve's cautious monetary policy stance has created headwinds for precious metals, as the central bank maintains interest rates and downplays safe-haven appeals despite ongoing geopolitical tensions.
Market analysts note that the rapid ascent of silver has increased volatility, leading to corrective movements as investors adjust positions. The Fed's neutral tone and potential for future policy shifts are also contributing to the sell-off in silver-related assets.
Comments