SILJ - Turbocharging Silver Exposure With AGQ
2024-06-24 17:36:55 ET
Summary
- Silver prices have been rising, reaching multi-year highs before correcting below $30 per ounce.
- The case for silver remains strong due to rising industrial demand and potential investment demand, with a projected supply demand deficit.
- Leveraged products like ProShares Ultra Silver ETF can provide significant leverage to silver futures, but timing is crucial due to price volatility and time decay.
In a June 4 Seeking Alpha article on silver and the Amplify Junior Silver Miners ETF (SILJ), I concluded:
Turbocharging Silver Exposure With AGQI remain bullish on silver, which was around $30 in early June 2024. Buying during the current correction could be the optimal approach.