PHAG.AS is trading at €52.61, up +3.02%, as silver advanced toward $66 per ounce.
- Weaker August hiring increased expectations for Federal Reserve easing.
- Falling Treasury yields and a softer dollar supported precious metals, while escalating Iran-related strikes added safe-haven demand.
- The move broadly tracks its underlying silver exposure rather than fund-specific news, following silver’s rebound after recent losses and ahead of the September 4 U.S. employment report, which may influence rate expectations.