🔴 Physical Silver ETF (PHAG.AS) is trading 3.39% down today as silver weakens amid inflation concerns

PHAG.AS is trading at €50.37 (-3.39%) today as silver weakens.

• Silver is weakening roughly 1.25%, reversing after August 17’s advance.
• Rising crude prices and renewed inflation concerns are pressuring precious metals; a firmer U.S. dollar and elevated bond yields add headwinds for non-yielding metals.
• Listed in euros but explicitly unhedged, PHAG.AS tracks USD silver, so currency movements can amplify the underlying metal’s decline.