PHAG.AS is trading at €49.35 (+3.25%) as silver’s rebound is the direct driver.

  • Spot silver gained 1.4% to $60.16 an ounce in Friday reporting.
  • Reports linked the bounce to weaker-than-expected U.S. payrolls, easing expectations for Fed rate hikes, and a pullback in Treasury yields.
  • A softer dollar also supported silver, while Middle East tensions and elevated oil prices continued to limit upside.