Silver 2x ETF ScalpWe are a little oversold on the 4hr and have a nice gap to target. Good for a quick 6-7% without huge risk if you use a very tight stop. Not financial advice.
Key stats
About ProShares Ultra Silver
Home page
Inception date
Dec 1, 2008
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
AGQ is a 2x leveraged single-day bet on the spot price of silver, as measured by the price of COMEX silver futures contracts. Instead of utilizing swaps like most geared funds, AGQ invests in silver futures and forward contracts, which means that the fund is structured as a commodities pool, thus it will distribute a K-1 form. Contracts follow a fixed schedule, the index rolls into contracts two months from maturity in February, April, and June, and three months from maturity in August and November. The index continues tracking each contract until shortly before expiration. AGQ is not a buy-and-hold ETF and holding cost is less important, considering the fund is designed to be held for very short periods.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Awesome Silver trade AGQ 2X Silver BullishWe have been rallying from thre last major reversal XR we are at Piot level L4 this is a good buy level, L5 and L6 are better but it is a lte entry. I bought at XR. Silver is just underneath the 200 DMA, so we have to break though that, but I am bullish we could go to H6 @ 41.58, or weekly H5 @ 4
$AGQ to $104Operating off of a confluence of multiple signals showing a major breakout for AMEX:AGQ , there is a simple chart wedge that at the 1.618 Fib level places us firmly @ $104 / share.
- TVC:SILVER near term to hit ~$47/Oz:
- TVC:SILVER long term to hit ~$205/Oz:
The last time TVC:SILVER
Silver will fall 10% - AGQ will fall 20% for retracementA 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite).
Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward pric
Long on silverI am long because I think sectoral needs for silver will drive price up. Looks like double bottom here and DXY can not hold strong for too long.
AGQ- A Silver on steroids ETF LONGAGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great
uptrend from which it pivoted down in a 50% Fib. retracement which took two months
to complete. After a bit of consolidation and sideways channeling, it has finally launched
into bullish continuation as shown
$AGQ $SLV Silver BoomAny good/silver/bitcoin related stocks will be following a similar pattern. Don’t miss the train!
Silver Breakout In The Works - Big Move ComingSilver broke out of a descending wedge, a consolidation after its February 2022 run. The 2X silver fund AGQ is looking great here with a technical breakout retest. A bullish MACD cross will likely send this to $50 + then it is going much higher with silver. Precious metals are about to have their mo
Will Keep Moving UpHave been long on Silver ETF for almost a year now. Added more during the recent dip. Can retest the $70 high - that's 80% upside
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.