🔴 PHAG.AS is trading 3.9% down today as hawkish Fed rhetoric and a stronger dollar pressure silver prices

PHAG.AS is trading 3.9% down today as spot silver prices decline in response to a strengthening U.S. dollar and renewed hawkish commentary from Federal Reserve officials.

• Higher real-yield expectations following Fed rhetoric have reduced the investment appeal of non-yielding precious metals, weighing heavily on silver-linked products.
• Broader risk-off sentiment fueled by Middle East tensions and stalled disinflation is further dampening demand across the commodities complex.
• The WisdomTree Physical Silver ETF is under increased pressure as the stronger dollar makes dollar-denominated assets more expensive for international buyers.