ProShares Ultra Silver (AGQ), the leveraged ETF seeking twice the daily performance of silver, soared 22.11% during Tuesday's intraday session. This dramatic upward move follows a period of extreme volatility in the underlying precious metal.
The surge appears driven by multiple factors. A key catalyst was a regulatory easing from the Shanghai Gold Exchange, which adjusted the margin requirement for silver deferred contracts downward and reduced the daily price fluctuation limit, making trading conditions less restrictive. Additionally, the move represents a significant technical rebound after silver experienced one of its most severe sell-offs in decades last week, with bargain-hunting behavior noted in the market following the sharp decline.
Analysts suggest the sell-off was initially triggered by shifting expectations around Federal Reserve leadership, but the subsequent stabilization and regulatory support have helped prices recover. The leveraged structure of the AGQ ETF amplifies both downside and upside moves in silver prices, contributing to the pronounced intraday gain observed.
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