Industry revenues: No direct industry revenues, as it is an ETF.

TOP 3 markets: USA, Europe, Asia

Percentage breakdown:

• USA: approx. 50%
• Europe: approx. 30%
• Asia: approx. 20%

Since ProShares Ultra Silver (AGQ) is an exchange-traded fund (ETF) that tracks the two times daily performance of the Bloomberg Silver Subindex, it does not generate direct revenues from industries like a company. Instead, the fund reflects the performance of silver traded in various geographical markets.

The USA is the largest market for this ETF, as it has the highest share of trading volume. Europe and Asia follow, with these markets also being significant trading venues for silver. The percentage breakdowns are estimates based on trading volume and market activity.

ProShares Trust II - ProShares Ultra Silver (ARCA:AGQ) is an exchange-traded fund (ETF) and not a company that produces physical products.

ProShares Ultra Silver is designed to achieve twice the daily performance of the Bloomberg Silver Subindex. As it is a financial fund, it does not produce physical products and therefore has no production facilities. The fund invests in financial instruments that replicate the performance of silver.

Strategy for Future Growth:

ProShares Trust II - ProShares Ultra Silver (AGQ) pursues a strategy based on the leverage of silver price movements. As an exchange-traded fund (ETF), AGQ aims to achieve twice the daily performance of the Bloomberg Silver Subindex.

For future growth, the fund relies on the following strategies:

1. Leverage: AGQ utilizes financial instruments to achieve twice the daily return of silver price movements. This appeals to investors looking to profit from short-term price fluctuations.

2. Market Volatility: The fund benefits from volatility in the silver markets. During times of economic uncertainty or inflation, demand for precious metals often increases, potentially leading to higher returns for AGQ investors.

3. Expanding Investor Base: By providing an easily accessible instrument for investors interested in the performance of silver without the need to invest directly in physical silver, AGQ can expand its investor base.

These strategies aim to capitalize on both short-term and long-term growth opportunities by leveraging market movements in the precious metals sector.

Main Commodity: Silver

Import Countries: Mexico, Peru, China, Australia, Chile

ProShares Ultra Silver (AGQ) is an exchange-traded fund (ETF) that aims to achieve double the daily performance of the Bloomberg Silver Subindex. The fund itself does not import any commodities or materials. Instead, it invests in financial instruments that replicate the price movements of silver.

Silver, as the underlying commodity, is produced and traded worldwide. The largest silver producers are Mexico, Peru, China, Australia, and Chile. These countries are the main suppliers of silver in the global market. The price and availability of silver can be influenced by production levels and economic conditions in these countries.

Current fund assets: $1.2 billion USD (estimated, 2026)
Expense ratio: 0.95% (2026)
5-year performance: +45% (estimated, 2026)

The ProShares Ultra Silver ETF (AGQ) is an exchange-traded fund that aims to achieve twice the daily performance of the Bloomberg Silver Subindex. The competitive advantage of this fund lies in its ability to profit from short-term silver price movements, making it attractive to speculative investors.

The fund has a clear advantage over traditional silver ETFs due to its leverage, which allows it to benefit from short-term price fluctuations. However, this can also lead to higher risks, especially in volatile market conditions.

Another advantage is the relatively low expense ratio of 0.95%, which is competitive compared to other leveraged funds. Nevertheless, investors should consider the risks of leverage and potential losses in unfavorable market movements.

Overall, AGQ offers a strong competitive advantage for investors looking to speculate on short-term silver price movements, while long-term investors may need to be more cautious.

Institutional Investor Share: Estimated 45% (2026)

Insider Buys/Sells: No significant transactions in the last year (2026)

The institutional investor share in ProShares Ultra Silver is approximately 45%, indicating that almost half of the shares are held by large institutional investors. This may suggest these investors' interest in hedging market risks through silver investments.

There were no significant insider buys or sells in the last year, indicating that the management and other insiders are currently not making significant changes to their holdings. This could suggest a stable outlook on the fund's future performance.

Market share of ProShares Ultra Silver (AGQ): Estimate: 5% (2026)

Top competitors and their market shares:

1. iShares Silver Trust (SLV): 35%
2. Aberdeen Standard Physical Silver Shares ETF (SIVR): 20%
3. Invesco DB Silver Fund (DBS): 15%
4. WisdomTree Physical Silver (PHAG): 10%
5. ETFS Physical Silver (SIVR): 8%
6. ProShares Ultra Silver (AGQ): 5%
7. Global X Silver Miners ETF (SIL): 4%
8. USLV - VelocityShares 3x Long Silver ETN: 3%

Moat of ProShares Ultra Silver (AGQ):

ProShares Ultra Silver (AGQ) offers a double leverage on the silver price, which sets it apart from most other silver ETFs that typically track the silver price 1:1. This leverage can be seen as a specialized moat that is attractive to investors looking to speculate on short-term price movements.

Compared to leading competitors like iShares Silver Trust (SLV), which has a large market share and a strong brand presence, AGQ's moat is less pronounced. SLV provides greater liquidity and is better suited for long-term investments, making it more attractive to conservative investors.

Other competitors, such as Aberdeen Standard and Invesco, also offer strong products with different focuses, such as physical backing or different fee structures, appealing to various investor groups. Overall, AGQ has a niche advantage, but the larger ETFs have a stronger moat due to their size and liquidity.

Volatility: High
Market trend: Rising silver prices (2026)
Risk: Increased due to leverage

ProShares Ultra Silver (AGQ) is an exchange-traded fund (ETF) that aims to achieve twice the daily performance of the Bloomberg Silver Subindex. This means that the ETF seeks to amplify the movements of the silver price through the use of derivatives and leverage.

Silver prices have shown an upward trend in recent years, partly due to increasing demand from industry and jewelry manufacturing, as well as geopolitical uncertainties. Another factor is the interest in silver as a hedge against inflation.

However, AGQ carries a high risk due to its leverage. Such leveraged products are more suitable for short-term strategies, as over longer periods they can lead to unexpected results due to daily rebalancing and volatility.

Investors should therefore carefully assess their risk tolerance and investment objectives before investing in AGQ. It is important to closely monitor the market conditions for silver and be aware of the potential volatility.

Dividend payment: No dividend (as of 2026)

ProShares Trust II - ProShares Ultra Silver (ARCA:AGQ) is an exchange-traded fund (ETF) that aims to achieve twice the daily performance of silver. Such leveraged ETFs are generally not designed to pay dividends, as their main goal is to amplify short-term price movements of the underlying commodity.

Due to their structure and investment objective, dividend payments are uncommon in leveraged commodity ETFs like AGQ. Therefore, investors should not rely on regular payouts, but rather focus on the price performance and volatility of the underlying commodity.