PHAG.AS is trading 3.2% higher at $47.57 as silver prices rebound following recent volatility in the precious metals market.

  • The physically backed silver ETC closed at $47.57, up from $46.11 in the previous session, closely tracking the movement of spot silver prices.
  • The gain follows sharp swings in gold and silver from record highs, with fund inflows showing high sensitivity to these bullion price recoveries.
  • Market commentary suggests that the upward move reflects a broader stabilization in the sector and improved risk sentiment among investors.