PHAG.AS is trading at €52.65, up +3.09% on September 4, 2026, as weaker hiring data and dovish comments from Fed Governor Christopher Waller reduced September rate-hike expectations.

  • Silver rallied toward $66 per ounce as falling Treasury yields and a softer dollar supported demand for non-yielding precious metals.
  • Escalating Iran-related strikes added safe-haven support.
  • Spot silver gained roughly 2%–3% on September 3, confirming a broad precious-metals move rather than an ETF-specific catalyst.