24/7 Wall Street
07 Jun 2026, 14:14 UTC · 2h ago
AGQ Crashed 16% Before Anyone Realized What Was Happening
24/7 Wall Street
07 Jun 2026, 14:14 UTC · 2h ago
Story key points
5 claims · impact-rated
May payrolls significantly exceeded forecasts at 172K, leading Fed funds futures to price in the possibility of a rate hike instead of a cut. — A shift from expected rate cuts to potential hikes increases the cost of capital and puts downward pressure on risk assets and non-yielding commodities.
-0.80The 2-year Treasury yield reached a 16-month high of 4.16% and the 10-year real yield (TIPS) rose to 2.19%. — Rising real yields increase the opportunity cost of holding non-yielding assets like silver and gold, directly suppressing their prices.
-0.70Silver's industrial demand is heavily dependent on solar capex from companies like First Solar (FSLR) and Enphase Energy (ENPH). — Weakness in solar infrastructure spending would remove the industrial floor for silver, exacerbating macro-driven price declines.
-0.40Continue reading
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The US Dollar Index (DXY) strengthened by 0.65% following the strong labor market data. — A stronger dollar typically creates a headwind for commodities, as they become more expensive for buyers using other currencies.
-0.30ProShares Ultra Silver (AGQ) has experienced significant volatility decay, falling 40.68% YTD compared to silver's (SLV) 4.42% decline. — Highlights the structural risk of leveraged ETFs in choppy markets, warning investors of permanent capital loss regardless of the asset's long-term direction.
-0.20Ticker attribution
Model heads
The fund suffered a 16% single-session drop and 41% YTD loss due to silver's decline and volatility decay.
The trust fell 8% in a single session due to rising Treasury yields and a strong dollar.
Mentioned as a source of solar capex data that supports silver's industrial demand, but no specific news about the company itself.
Mentioned as a source of solar capex data that supports silver's industrial demand, but no specific news about the company itself.
Mentioned only in the context of a historical analyst call from 2010.
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