Stock Track | ProShares Ultra Silver Soars 7.71% in Pre-Market on Safe-Haven Demand and Industrial Boom

Stock Track01-14

ProShares Ultra Silver (AGQ) surged 7.71% in pre-market trading, reflecting a broader rally in silver prices driven by overlapping catalysts. The leveraged ETF benefited from heightened safe-haven demand amid geopolitical tensions and robust industrial demand for the metal.

Silver's rally is underpinned by escalating Middle East conflicts, Fed policy uncertainty, and its critical role in AI and solar technologies. Analysts note that retail investor-driven shortages and potential US tariffs have further tightened supply, exacerbating price gains. Citigroup recently raised its 3-month silver price target to $100/oz, citing these structural drivers.

Technically, silver has broken key resistance levels, with momentum indicators signaling sustained bullish sentiment. However, overbought conditions suggest potential short-term consolidation before further upside.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment