$ProShares Ultra Silver(AGQ)$

Silver has been seeing a pull-down effect due to the overall market sentiment. Tech stocks collapsed from news about AI overspending as well as the new tech possibly replacing needs of chips.

And with Bitcoin and other Cryptocurrencies seeing a bubble-bursting moment, this has added a drag in the minds of traders.

But when you have a moment to calm down and think, the run on Gold and Silver is not logical.

If anything, the collapse in tech and crypto should lead to a bull stampede for precious metals. Precious metals are back-up commodities to safe-harbour your cash in times of distress.

Having gold and silver fall along with stocks and crypto does not make any sense and I believe there will be a huge rebound when the panic subsides.

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