First Majestic Silver Corp. rises despite silver price decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2025
0mins
Source: 6-K
First Majestic Silver Corp. saw a price increase of 5.02%, reaching a 5-day high, even as the broader market faced pressure from declining silver prices.
The company experienced a rise in stock price despite a 2% drop in spot silver prices to $64.01 per ounce, reflecting a weakening demand for precious metals. This situation indicates a sector rotation, as investors may be reallocating their portfolios in response to broader market trends, particularly with the Nasdaq-100 and S&P 500 both showing gains.
This upward movement in First Majestic's stock could suggest that investors are looking for opportunities in mining stocks, even as the overall sentiment in the precious metals market remains cautious.
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Analyst Views on AG
Wall Street analysts forecast AG stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 16.920
Low
19.03
Averages
22.18
High
24.50
Current: 16.920
Low
19.03
Averages
22.18
High
24.50
About AG
First Majestic Silver Corp. is a mining company. The Company is focused on silver and gold production in Mexico and the United States. It owns and operates approximately 350,000 hectares of land package, which include the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, the La Encantada Silver Mine, and a 70% joint venture interest in the Cerro Los Gatos Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon. The Cerro Los Gatos Mine is located around 120 kms south of Chihuahua City, Mexico.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Sentiment Weakens: Stocks and funds linked to gold and silver saw widespread declines in pre-market trading on Wednesday, with the ProShares Ultra Silver ETF down 2.8% and First Majestic Silver dropping 3.8%, suggesting a loss of confidence in precious metals and prompting investors to reassess their portfolios.
- Macroeconomic Impact: A commodities strategist at ING noted that the market's focus has shifted back to rates and inflation, putting pressure on non-yielding assets like gold and silver, and it is expected that prices will continue to be influenced by macroeconomic factors, particularly in light of the Fed and ECB's monetary policy outlook.
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