🟢 Physical Silver ETF (PHAG.AS) is trading 3.04% up on silver strength

PHAG.AS is trading at €52.55, up +3.04%, driven by silver strength and safe-haven demand linked to Strait of Hormuz tensions.

• Its underlying physical silver exposure represents 100% of the ETC and tracks spot silver.
• Expectations for cooler rate pressure and a softer dollar also supported precious metals.
• Investors positioned ahead of the U.S. CPI release on August 12, 2026, increasing volatility.