AGQ Forecast




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.




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November 17, 2024


ProShares Ultra Silver Forecast

AGQ        ProShares Ultra Silver











Correlated Assets

Assets that tend to move strongly with AGQ



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


FUTU Forecast + Options Trading Strategies   FUTU  Futu (0.89)


CRK Forecast + Options Trading Strategies   CRK  Comstock Resources (0.88)


HMY Forecast + Options Trading Strategies   HMY  Harmony Gold Mining (0.88)


NGD Forecast + Options Trading Strategies   NGD  New Gold (0.86)



Uncorrelated Assets

Assets with little price relationship to AGQ



GILD Forecast + Options Trading Strategies   GILD  Gilead Sciences (0.0)


SIMO Forecast + Options Trading Strategies   SIMO  Silicon Motion Technology (-0.01)


TTEK Forecast + Options Trading Strategies   TTEK  Tetra Tech (0.01)


SWBI Forecast + Options Trading Strategies   SWBI  Smith & Wesson Brands (0.01)


CRNT Forecast + Options Trading Strategies   CRNT  Ceragon Networks (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against AGQ



JACK Forecast + Options Trading Strategies   JACK  Jack In The Box (-0.81)


COUR Forecast + Options Trading Strategies   COUR  Coursera (-0.81)


VSAT Forecast + Options Trading Strategies   VSAT  Viasat (-0.81)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.82)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.83)









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