Stock Track | ProShares Ultra Silver Plunges 6.86% as Silver Prices Tumble on Macroeconomic Shifts

Stock Track

Apr 28

ProShares Ultra Silver (AGQ) plummeted 6.86% in early trading, tracking a sharp decline in silver prices.

Spot silver fell nearly 3% to $73.39 per ounce, as precious metals faced selling pressure. Morgan Stanley recently lowered its gold price target for the second half of 2026, citing a rare supply shock, rising real interest rates, and delayed rate cuts that have altered the macroeconomic landscape.

The investment bank noted that gold and silver price movements are now less influenced by safe-haven sentiment and more dependent on market liquidity, bond yields, and the pace of Federal Reserve policy adjustments.

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