Stock Track | ProShares Ultra Silver Soars 5.06% Intraday on Safe-Haven Demand and Weaker Dollar

Stock Track04-10

The ProShares Ultra Silver ETF (AGQ) surged 5.06% during intraday trading on Thursday, reflecting a sharp rally in leveraged silver exposure.

The move in the silver-linked fund aligns with a broader rebound in precious metals markets, driven by renewed safe-haven sentiment. Market analysts point to a short-term ceasefire agreement between the United States and Iran, which has temporarily eased geopolitical tensions and placed downward pressure on the U.S. dollar index, benefiting dollar-denominated assets like silver.

Further supporting the rally, key U.S. inflation data released intraday showed the core PCE price index—the Federal Reserve's preferred inflation gauge—rose in line with market expectations, sustaining concerns about persistent price pressures. A weaker U.S. dollar and firmer oil prices also contributed to the supportive environment for silver, a metal viewed as both a monetary and industrial asset.

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Comments

  • Guavaxf3006
    04-10
    Guavaxf3006
    I am long term long on Silver. But please do not mistake this to mean I am saying it will be a straight up all the way. The situation is still very volatile and short term traders, including big whales, are trading up and down at a very fast pace.  After today's spectacular run up, I expect some retracement coming from profit takers squaring before the weekend. This would be the smart thing to do as Tacos Trump may make more trades and issue wild destroy-the-world statements.  Somebody in the US government should grow soms balls and conduct an investigation into Trump and his cronies on their trafing patterns. For now, I am going to safe mode temporarily.
    • Guavaxf3006
      Safe mode ended. Today’s super rally is confirming this. Silver super cycle has resumed.
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