🔴 Silver ETF (PHAG.AS) is trading 4.93% down as hotter-than-expected U.S. CPI revived Fed tightening bets

PHAG.AS is trading at €45.83, down 4.93%, after hotter-than-expected U.S. CPI revived expectations of tighter Fed policy.

• September headline inflation was 3.7% year over year versus 3.6% forecast; core CPI was 2.6% versus 2.5% expected.
• Rising Treasury yields and a firmer dollar pressured non-yielding silver, which fell sharply across markets on October 14.