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Stock Track | ProShares Ultra Silver Soars 13.45% in Pre-Market as Trade Tensions Drive Silver to Record High

Stock Track01-20 17:06

ProShares Ultra Silver (AGQ), a leveraged ETF tracking silver prices, surged 13.45% in pre-market trading on Tuesday, mirroring a historic rally in spot silver prices. The ETF's gains reflect heightened investor interest in silver as a safe-haven asset amid escalating trade tensions between the US and Europe.

The rally follows spot silver hitting a record high of $94.68 per ounce during Asian trading hours, driven by US President Donald Trump's threat of new tariffs on European nations. Analysts attribute the surge to safe-haven demand, with silver benefiting from both geopolitical risks and technical breakout momentum. The bullish trend is further supported by expectations of prolonged Fed rate stability, which has fueled demand for non-yielding assets like precious metals.

AGQ's leveraged structure amplifies silver's price movements, making it particularly sensitive to short-term sentiment shifts. The ETF's pre-market surge aligns with broader gains across precious metals ETFs and mining stocks, underscoring the sector's strong momentum. Traders are now eyeing the $100 psychological barrier for silver as the next key resistance level.

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.

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