Stock Track | ProShares Ultra Silver Soars 5.11% Over 24 Hours as Safe-Haven Demand and Fed Turmoil Boost Silver Prices

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ProShares Ultra Silver (AGQ) surged 5.11% over the past 24 hours, reflecting a strong rally in silver prices driven by heightened safe-haven demand and ongoing Federal Reserve turmoil.

The precious metals market is benefiting from a combination of geopolitical instability in the Middle East, particularly in Iran, and unprecedented judicial pressure on Fed Chair Jerome Powell. These factors have significantly boosted demand for safe-haven assets like silver, with prices holding firmly above key levels. Analysts note that the market's bullish sentiment is likely to persist until the Fed's legal issues and Middle East tensions ease.

Technical indicators also support the upward momentum, with silver's next target seen at $90. Leveraged ETFs like AGQ remain attractive to traders amid these overlapping risks.

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