On July 13, ProShares Ultra Silver ETF (AGQ) declined 8.14% in regular trading, trading at $63.32/share, with turnover of $113 million.
On the news front, the US-Iran conflict in the Strait of Hormuz escalated again, driving crude oil prices sharply higher and pushing Treasury yields up, with the 10-year US Treasury yield rising to approximately 4.582%. Markets fear that energy-driven inflation may force the Federal Reserve to maintain tight monetary policy for an extended period. Spot silver fell 2.35% intraday to $58.36/oz, remaining within a descending channel pattern. President Trump announced the restoration of a naval blockade on Iran and declared the US would collect a 20% fee on all cargo transiting the Strait of Hormuz, further intensifying geopolitical tensions. As a 2x leveraged product tracking spot silver prices, the ETF amplified the underlying decline into a larger net asset value drawdown.
The fund seeks to meet its investment objective by investing in financial instruments including swap agreements, futures contracts, forward contracts and option contracts based on its benchmark. It does not invest directly in any commodity.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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