AGQ Extends Powerful Uptrend as Silver Momentum Accelerates
By Allstocksnew
ProShares Ultra Silver ETF (AGQ) continues to validate its leadership role in the precious-metals complex, delivering strong follow-through from multiple tactical buy areas (TBAs). From the original $59 TBA, AGQ has now produced approximately $28 in gains, while the more recent $110 TBA has yielded roughly $37, confirming both trend strength and timing discipline.
Technically, the structure remains constructive. Price is firmly above its rising short- and intermediate-term moving averages, with the ETF respecting its upward channel and showing expanding momentum on advances. The recent acceleration reflects improving participation rather than exhaustion, a key distinction at this stage of the move.
Risk management has been handled proactively. Per the 10 Golden Rules, partial reductions were made last week to lock in gains, while maintaining core exposure to the trend. Current maximum stop guidance sits near $131, protecting capital while allowing room for normal volatility.
As long as AGQ continues to hold above rising support and avoids a decisive break of trend, the path of least resistance remains higher. Strength in AGQ also reinforces the broader thesis that silver—and leveraged silver vehicles in particular—are attracting renewed institutional interest in the current macro environment.
