You can’t compare the two timeframe. AGQ is daily compute, meaning it resets itself every day. When the price of silver rises, it doubles itself, obviously the same applies for the drop. However, if you reset daily, it changes the logic. If you have stronger down days than up days, we will end up having a much lower AGQ price in a long run. So, it all depends on the number of up days vs down days and strength of up vs down days. This is something that you have to bear in mind when going for leveraged bets like AGQ. It is not simply leveraging that moves along with the silver price. That is the misconception many market participants have. Last point, might be obvious but all the same to emphasise, AGQ is good for catching the up-moves of silver, but it is not something to keep for the long term if fluctuations of silver prices are involved. Even in an uptrend, it’s possible we only get a little upside or even incur a loss at the end of the day!