AGQ Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: Silver prices may rebound as market demand strengthens, supported by rising global inflation and geopolitical tensions, potentially driving AGQ above $40.




Bearish Case: Economic uncertainties and a risk-off sentiment could pressure silver prices downwards, leading AGQ to test lower support levels around $34.




Potential Outcomes:

1. 30% chance of AGQ rallying to $42 due to increased silver demand;

2. 40% chance of stabilization around $37;

3. 30% chance of a decline towards $34 if bearish sentiment dominates.




Trading Oracle: Consider executing a bullish credit spread: sell 1 $37.5 call and buy 2 $41.0 calls. This strategy capitalizes on AGQ's bullish volatility forecast and offers a 79% probability of profit, with a potential return of 24%.



November 17, 2024


ProShares Ultra Silver Forecast

AGQ        ProShares Ultra Silver











Correlated Assets

Assets that tend to move strongly with AGQ



SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.94)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.94)


JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (0.93)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.92)


MAG Forecast + Options Trading Strategies   MAG  MAG Silver (0.91)



Uncorrelated Assets

Assets with little price relationship to AGQ



CTRA Forecast + Options Trading Strategies   CTRA  Coterra Energy (-0.0)


LTPZ Forecast + Options Trading Strategies   LTPZ  PIMCO 15+ Year U.S. TIPS Index Exchange-Traded (-0.0)


NNOX Forecast + Options Trading Strategies   NNOX  Nano X Imaging (-0.0)


HMST Forecast + Options Trading Strategies   HMST  HomeStreet (0.0)


TMV Forecast + Options Trading Strategies   TMV  Direxion Daily 20+ Year Treasury Bear 3X Shares (0.01)



Anticorrelated Assets

Assets that tend to move strongly against AGQ



PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.83)


EPAM Forecast + Options Trading Strategies   EPAM  EPAM Systems (-0.83)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.84)


ACAD Forecast + Options Trading Strategies   ACAD  Acadia Pharmaceuticals (-0.85)


DV Forecast + Options Trading Strategies   DV  DoubleVerify (-0.85)









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