PHAG.AS is trading at €50.15 (+3.71%) as silver’s continued rally lifts the physically backed ETF.

  • Silver was recently trading near $62.5 per ounce.
  • Easing Strait of Hormuz tensions reduced inflation and rate-hike concerns; weaker yields and a softer dollar supported precious metals.
  • Investors positioned ahead of the August 7, 2026 U.S. employment report for signals on Federal Reserve policy.