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ProShares Ultra Silver(AGQ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AGQ
10/23/2026: AGQ (3-star) is currently NOT-A-BUY. Pass it for now.
ProShares Ultra Silver (AGQ) provides 2x daily leveraged exposure to the Bloomberg Silver Subindex through the use of derivative contracts. It is designed for active, short-term tactical trading rather than long-term buy-and-hold investing, as daily compounding can cause returns to deviate from expectations over time. Its main strengths include high liquidity and effective tracking of its 2x target, supported by a reputable issuer. Investors should be aware of high volatility, structural decay, and commodity-specific risks. The fund is best suited for experienced traders monitoring short-term price momentum and inflation trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The fund is a tactical tool rather than a long-term growth investment due to the effects of volatility decay. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders utilize this fund to capture short-term price trends in silver when the market shows positive momentum. |
| Value investor | Weak fit | The structural risks and costs of leveraged ETFs do not align with the goals of long-term value investing. |
| Dividend/Income investor | Weak fit | This fund does not provide dividend income and carries high risk of capital erosion. |
| Low-risk investor | Weak fit | The high volatility and leverage make this inappropriate for investors seeking capital preservation. |
Investor Profile
Ideal Investor Profile
Active, risk-tolerant traders who focus on short-term technical patterns.
Suitability
Not suitable for long-term investors; best for intra-day or short-term tactical positions.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Daily leverage significantly amplifies price swings, increasing the potential for rapid losses. |
| Market risk | High | The fund is entirely exposed to the price of silver, which is subject to global commodity market risks. |
| Concentration | High | The fund provides exposure to a single commodity, making it vulnerable to sector-specific shocks. |
| Tracking/expense | High | Daily rebalancing and compounding can lead to returns that differ substantially from the index over time. |
| Liquidity | Low | The underlying futures market is deep and liquid, though flash crashes in commodities can impact execution. |
| Business/sector quality | Medium | Silver's dual role as an industrial metal and store of value makes it sensitive to both economic and monetary policy cycles. |
Risk Analysis
Volatility
AGQ exhibits extreme volatility, significantly higher than physical silver or silver miners.
Market Risk
Risks include silver price sensitivity, leverage reset risk, and the impact of interest rates on financing costs.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Commodity | Silver (Bloomberg Silver Subindex) — seeks 2x daily return | 95 | This exposure represents the underlying commodity price movement which the fund aims to amplify by 2x daily. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash and equivalents are held to provide liquidity and serve as collateral for the derivative positions. |
Price Behavior

Steep Decline
The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type ETF | Historic Profit 178.81% | Avg. Invested days 38 | Today’s Advisory PASS |
Upturn Advisory Rating ![]() | Upturn Advisory Performance | ETF Returns Performance |

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