On September 10, ProShares Ultra Silver declined 8.29% in pre-market trading, quoted at $76.69/share, with turnover of approximately $16.91 million.

On the news front, overseas precious metals saw a broad sell-off on the evening of September 10, with COMEX silver plunging over 3% to approximately $66.5/oz and COMEX gold falling nearly 1% to around $4,420/oz. As a 2x leveraged ETF tracking spot silver prices, the single-day silver decline was amplified through the leverage mechanism, resulting in a steeper drawdown. LME copper also dropped sharply, with losses exceeding 3.5% at one point, reflecting widespread pressure across the metals complex.

Market analysts noted that the sell-off was driven by multiple converging factors. Fed Chair Wosh recently delivered hawkish signals, pushing rate hike expectations higher. Meanwhile, geopolitical tensions in the Middle East have driven up oil prices, intensifying inflation concerns and weakening the safe-haven appeal of precious metals in the short term. Additionally, U.S. August nonfarm payroll data exceeded expectations, further bolstering the case for tighter monetary policy. Two key upcoming inflation readings — PPI and CPI — are set to become decisive variables for near-term precious metals pricing.

The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts and option contracts) based on the benchmark. It will not invest directly in any commodity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)