🔴 Silver ETF (PHAG.AS) is trading 4% down after hotter-than-expected September U.S. CPI

PHAG.AS is trading at €46.27, down 3.99%, as hotter-than-expected September U.S. CPI may reinforce restrictive Fed policy and weigh on silver. - Headline CPI rose 3.7% year over year versus 3.6% forecast; core CPI rose 2.6% versus 2.5% expected. - Silver was already under pressure before the release; spot silver was down 2.43% at 8:05 a.m. ET.