ProShares Ultra Silver [AGQ] Stock Forecast

Silver experienced a 9% sell-off in May, but ETF investors have expressed interest for dip-buying over the past two months, indicating a potential rally. The photovoltaic market, accounting for a significant portion of silver demand, has been robust, particularly in China, causing silver vaults on the SHFE to decrease sharply so far this year. The ProShares Ultra Silver ETF, a 2x leveraged bet on silver bullion prices, may be an effective way to capitalize on this potential rally, but investors should be aware of the increased risk.

Leveraged ETFs have an unpredictable behavior: explanation. A drift dashboard with 22 of them.

Precious metals like gold and silver have been rallying lately. Let's find out which metal will rule ahead?

Silver and AGQ's 2x leverage in particular have been leading precious metal gainers during geopolitical crises since 2009. A number of political hot spots, wars, and threats for new military action exist in 2023. Investors should consider hedging the growing odds of new trouble.

Silver could hit a nine-year high of $30 per ounce this year and become a better performer than gold, analysts told CNBC.

Another guilty verdict for former precious metals traders. Sentencing comes next. Silver has been sending a signal via the silver-gold ratio.

2x future gains could be a winning investment strategy for your portfolio, as a reversal higher for silver is looking more likely. Futures trading COT numbers are similar to past important bottoms in the silver market.

Top Performing Levered/Inverse ETFs Last Week These were last week's top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Precious metals and ETFs, which have been struggling recently despite climbing inflation, surged higher after the Federal Reserve meeting. Investors who were anxiously awaiting a decision from the Federal Reserve as to how much to raise interest rates seemed optimistic about the 75 basis point rate hike, which the Fed believes is likely to help [.

The ProShares Ultra Silver ETF is generally a bad fit for my long-term growth strategy, but I can see the case for holding a small position today. The current environment of currency devaluation and rampant inflation should be bullish for silver. So far, the precious metal has underperformed.

ProShares Ultra Silver is a US stock and trading under the symbol AGQ

ProShares Ultra Silver stock price is $30.9 today.

Yes, ProShares Ultra Silver is a publicly traded company.