PHAG.AS is trading at €48.84 (-4.63%) as stalled U.S.–Iran talks and elevated oil strengthened inflation concerns and expectations of further Fed tightening.
- A firmer U.S. dollar and higher Treasury yields added pressure to the non-yielding metal.
- This is a broader precious-metals move, not an issuer-specific catalyst; reports also described silver falling below $63 during Asian trading on September 28.