AGQ stock price still trades within a rising channel since early April. Technical analysts suggest a test of the upper trendline near $30 if silver spot prices remain supported by ETF accumulation in Asia and Europe. The two main ETFs owning physical silver are iShares Silver Trust (SLV) and abrdn Physical Silver Shares ETF (SIVR). Traders can also wager on the silver market via an ETF that owns futures contracts through ProShares Ultra Silver (AGQ), though it’s better as a short-term bet than a long-term hold, because of how the fund is structured. Andrew Hecht is a 35-year Wall Street veteran covering commodities and precious metals. AGQ stock price has been closely tied to silver’s spot trend, currently supported by declining Treasury yields. Seasonal factors historically favor metals in Q2, with leveraged ETFs like AGQ magnifying moves. Traders are monitoring $27.20 as near-term support.