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ProShares Ultra Silver ETF (AGQ) is rated a Buy, but only as a short-term trading tool, not a long-term investment. AGQ's leverage amplifies silver's volatility, requiring disciplined risk-reward management, stop-loss planning, and profit-taking strategies. Silver's bullish trend is intact, supported by a persistent supply-demand deficit and technical support above the 1980 high of $50.36/oz.
Leveraged precious-metals ETFs are the standouts on Wall Street this session, with the Direxion Daily Gold Miners Bull 2X Shares (NYSEARCA:NUGT) surging 14.46% and the ProShares Ultra Silver (NYSEARCA:AGQ) climbing 9.39% as both gold and silver spot prices rally, both up between 4% and 5%.
ProShares Ultra Silver ETF is rated Sell due to structural decay from its 2x daily-reset leverage, not because of a bearish silver outlook. AGQ consistently underperforms unlevered silver ETFs like SLV and SIVR, delivering only about 24% return versus SLV's 56% over the past year. Over nearly 17 years, AGQ compounded at 2% annually versus SIVR's 8.44%, turning $10,000 into $14,100 versus $39,600, highlighting persistent value leakage.
Silver fell towards $58.50 an ounce on Friday as a modest rebound in the US dollar prompted traders to trim positions after two sessions of gains. The metal was down about 0.8% at $58.52 in early trade, snapping a brief recovery that followed the Federal Reserve's decision to keep interest rates unchanged.
The ProShares Ultra Silver ETF (NYSEARCA: AGQ) has become an increasingly popular way for bullish investors to amplify their exposure to silver.
ProShares Ultra Silver (NYSEARCA:AGQ) and ProShares UltraShort Silver (NYSEARCA:ZSL) look like mirror images: one bets 2x long on silver, the other 2x short.
A $10,000 position in Amplify Junior Silver Miners ETF (NYSEARCA:SILJ) at Thursday's close was worth about $8,900 by Friday's bell, after the fund fell 11% in a single session, closing at $26.36 on June 5, 2026 from a prior-day reference of $29.62.
A $10,000 position in ProShares Ultra Silver (NYSEARCA:AGQ) at Friday's open was worth roughly $8,376 by the closing bell.
SEC filings for AGQ aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.