Precious Metals Under Pressure as Gold and Silver Prices Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: CNBC
- Gold Price Decline: As of 7:05 a.m. ET, spot gold fell 2.4% to $4,161.63 per ounce, reflecting investor concerns over inflation and the Federal Reserve's interest rate trajectory, which may lead to decreased demand for gold and impact related companies' profitability.
- Silver Price Drop: Spot silver decreased by 2% to $64.01 per ounce, with futures down 1.6%, indicating a weakening of market demand for precious metals, which could adversely affect related ETFs and mining companies' stock performance.
- 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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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: 18.550
Low
19.03
Averages
22.18
High
24.50
Current: 18.550
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.
US-Iran Peace Deal Drives Silver Prices Higher
- Silver Price Surge: Spot silver prices increased nearly 4%, trading above $70, which led to a more than 5% rise in shares of First Majestic Silver Corp. (AG) during the overnight session, indicating strong market demand for precious metals.
- Gold Price Recovery: Spot gold prices rose over 2.5%, trading around $4,325.78, reflecting heightened investor preference for safe-haven assets, particularly following the US-Iran peace agreement.
- Retail Sentiment Improvement: According to Stocktwits data, retail sentiment around First Majestic Silver shifted from 'neutral' to 'bullish' in the past 24 hours, with message volumes surging by approximately 40%, showcasing investor optimism towards the stock.
- Optimistic Market Outlook: With falling U.S. Treasury yields and a weaker dollar boosting precious metal demand, analysts expect silver prices to continue rising in the short term, further enhancing AG's stock performance.
See More
US-Iran Peace Deal Drives Silver Prices Up
- Silver Price Surge: Spot silver prices rose nearly 4%, trading above $70, which led to a more than 5% increase in shares of First Majestic Silver Corp. (AG) during the overnight session, indicating strong market demand and a recovery in investor confidence.
- Gold Price Recovery: Spot gold prices increased by over 2.5%, trading around $4,325.78, reflecting a heightened preference for safe-haven assets, particularly after the US-Iran peace agreement eased concerns about inflation and rising interest rates.
- Retail Sentiment Improvement: According to Stocktwits data, retail sentiment around First Majestic Silver shifted from 'neutral' to 'bullish' in the past 24 hours, with message volume surging by about 40%, suggesting optimistic expectations from investors that could drive further stock price increases.
- Optimistic Market Outlook: With AG shares more than doubling in value over the past year, the iShares Silver Trust (SLV) gaining over 85%, and the SPDR Gold Trust (GLD) rising nearly 24%, the market holds a positive long-term investment outlook for precious metals, potentially attracting more capital into the sector.
See More
Precious Metals Under Pressure as Gold and Silver Prices Decline
- Gold Price Decline: As of 7:05 a.m. ET, spot gold fell 2.4% to $4,161.63 per ounce, reflecting investor concerns over inflation and the Federal Reserve's interest rate trajectory, which may lead to decreased demand for gold and impact related companies' profitability.
- Silver Price Drop: Spot silver decreased by 2% to $64.01 per ounce, with futures down 1.6%, indicating a weakening of market demand for precious metals, which could adversely affect related ETFs and mining companies' stock performance.
- 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.
See More
Analyst Ratings Impact on AG Stock
- Analyst Rating Summary: The ranking of AG within the Metals Channel Global Mining Titans Index is based on averaged opinions from major brokerages, indicating varied market perspectives on its future performance, where a low rank could suggest downside risk but also potential upside for bullish investors.
- Market Performance Comparison: Currently, AG's stock is down approximately 3.9% as of midday Wednesday, contrasting with peers like Newmont Corp (NEM) and Barrick Mining Corp (B), which are down about 1.1% and 2% respectively, highlighting AG's relative weakness in the precious metals sector.
- Investor Interpretation Variance: While a low analyst ranking may be perceived negatively, investors might also see it as an opportunity for rebound, especially in a bearish market sentiment, where contrarian thinking could present additional investment avenues.
- Price History Analysis: A three-month price history chart comparing AG's performance against NEM and B indicates current underperformance, yet analyst opinions could influence future market trends, necessitating close monitoring of related developments.
See More
Nord Precious Metals Integrates Resource Update and Exploration Efforts
- High-Grade Silver Discovery: Nord reported a high-grade silver intercept of 2,343 g/t at Castle East, indicating significant potential in the area, which is expected to enhance the company's resource estimates and market recognition.
- Historic Boundary Consolidation: The company successfully consolidated nearly 4 kilometers of historic boundary through the acquisition of adjacent leases, creating a 63 km² Castle property that strengthens its competitive position in the Gowganda silver mining region.
- Technical Team Restructuring: Nord engaged GeoVector Management to update the Mineral Resource Estimate for Gowganda silver tailings, leveraging original data from 2011 to ensure the reliability of the technical report and bolster market confidence.
- Processing Capacity Enhancement: Nord's TTL Laboratories in Cobalt is the only permitted high-grade milling facility, and the anticipated commissioning of a new 600-ton-per-day gravity plant is expected to further enhance silver production capabilities.
See More
Nord Precious Metals Mining Inc. Advances with Key Developments
- Historic Study Revisited: On May 11, 2026, Nord Precious Metals revisited the 1987 Kilborn feasibility study, confirming the technical viability for large-scale processing, which is expected to enhance the company's strategic position in silver mining development.
- High-Grade Silver Discovery: On May 4, 2026, Nord reported analytical results from drill hole CS-26-129W2 at Castle East, revealing a silver grade of 2,343 g/t, further solidifying its leadership in high-grade silver mining development.
- Resource Update and Integration: On May 19, 2026, Nord engaged GeoVector Management to conduct a Mineral Resource Estimate for Gowganda silver tailings, alongside ongoing metallurgical testing, which is anticipated to improve resource assessment accuracy and bolster investor confidence.
- Historic Boundary Consolidation: By completing the acquisition of adjacent leases on March 31, 2026, Nord consolidated nearly 4 kilometers of historic boundary into a single land package, enhancing its resource base in the Gowganda Camp and expected to drive future production potential.
See More
US-Iran Peace Deal Drives Silver Prices Higher
- Silver Price Surge: Spot silver prices increased nearly 4%, trading above $70, which led to a more than 5% rise in shares of First Majestic Silver Corp. (AG) during the overnight session, indicating strong market demand for precious metals.
- Gold Price Recovery: Spot gold prices rose over 2.5%, trading around $4,325.78, reflecting heightened investor preference for safe-haven assets, particularly following the US-Iran peace agreement.
- Retail Sentiment Improvement: According to Stocktwits data, retail sentiment around First Majestic Silver shifted from 'neutral' to 'bullish' in the past 24 hours, with message volumes surging by approximately 40%, showcasing investor optimism towards the stock.
- Optimistic Market Outlook: With falling U.S. Treasury yields and a weaker dollar boosting precious metal demand, analysts expect silver prices to continue rising in the short term, further enhancing AG's stock performance.
See More
US-Iran Peace Deal Drives Silver Prices Up
- Silver Price Surge: Spot silver prices rose nearly 4%, trading above $70, which led to a more than 5% increase in shares of First Majestic Silver Corp. (AG) during the overnight session, indicating strong market demand and a recovery in investor confidence.
- Gold Price Recovery: Spot gold prices increased by over 2.5%, trading around $4,325.78, reflecting a heightened preference for safe-haven assets, particularly after the US-Iran peace agreement eased concerns about inflation and rising interest rates.
- Retail Sentiment Improvement: According to Stocktwits data, retail sentiment around First Majestic Silver shifted from 'neutral' to 'bullish' in the past 24 hours, with message volume surging by about 40%, suggesting optimistic expectations from investors that could drive further stock price increases.
- Optimistic Market Outlook: With AG shares more than doubling in value over the past year, the iShares Silver Trust (SLV) gaining over 85%, and the SPDR Gold Trust (GLD) rising nearly 24%, the market holds a positive long-term investment outlook for precious metals, potentially attracting more capital into the sector.
See More
Precious Metals Under Pressure as Gold and Silver Prices Decline
- Gold Price Decline: As of 7:05 a.m. ET, spot gold fell 2.4% to $4,161.63 per ounce, reflecting investor concerns over inflation and the Federal Reserve's interest rate trajectory, which may lead to decreased demand for gold and impact related companies' profitability.
- Silver Price Drop: Spot silver decreased by 2% to $64.01 per ounce, with futures down 1.6%, indicating a weakening of market demand for precious metals, which could adversely affect related ETFs and mining companies' stock performance.
- 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.
See More
Analyst Ratings Impact on AG Stock
- Analyst Rating Summary: The ranking of AG within the Metals Channel Global Mining Titans Index is based on averaged opinions from major brokerages, indicating varied market perspectives on its future performance, where a low rank could suggest downside risk but also potential upside for bullish investors.
- Market Performance Comparison: Currently, AG's stock is down approximately 3.9% as of midday Wednesday, contrasting with peers like Newmont Corp (NEM) and Barrick Mining Corp (B), which are down about 1.1% and 2% respectively, highlighting AG's relative weakness in the precious metals sector.
- Investor Interpretation Variance: While a low analyst ranking may be perceived negatively, investors might also see it as an opportunity for rebound, especially in a bearish market sentiment, where contrarian thinking could present additional investment avenues.
- Price History Analysis: A three-month price history chart comparing AG's performance against NEM and B indicates current underperformance, yet analyst opinions could influence future market trends, necessitating close monitoring of related developments.
See More
Nord Precious Metals Integrates Resource Update and Exploration Efforts
- High-Grade Silver Discovery: Nord reported a high-grade silver intercept of 2,343 g/t at Castle East, indicating significant potential in the area, which is expected to enhance the company's resource estimates and market recognition.
- Historic Boundary Consolidation: The company successfully consolidated nearly 4 kilometers of historic boundary through the acquisition of adjacent leases, creating a 63 km² Castle property that strengthens its competitive position in the Gowganda silver mining region.
- Technical Team Restructuring: Nord engaged GeoVector Management to update the Mineral Resource Estimate for Gowganda silver tailings, leveraging original data from 2011 to ensure the reliability of the technical report and bolster market confidence.
- Processing Capacity Enhancement: Nord's TTL Laboratories in Cobalt is the only permitted high-grade milling facility, and the anticipated commissioning of a new 600-ton-per-day gravity plant is expected to further enhance silver production capabilities.
See More
Nord Precious Metals Mining Inc. Advances with Key Developments
- Historic Study Revisited: On May 11, 2026, Nord Precious Metals revisited the 1987 Kilborn feasibility study, confirming the technical viability for large-scale processing, which is expected to enhance the company's strategic position in silver mining development.
- High-Grade Silver Discovery: On May 4, 2026, Nord reported analytical results from drill hole CS-26-129W2 at Castle East, revealing a silver grade of 2,343 g/t, further solidifying its leadership in high-grade silver mining development.
- Resource Update and Integration: On May 19, 2026, Nord engaged GeoVector Management to conduct a Mineral Resource Estimate for Gowganda silver tailings, alongside ongoing metallurgical testing, which is anticipated to improve resource assessment accuracy and bolster investor confidence.
- Historic Boundary Consolidation: By completing the acquisition of adjacent leases on March 31, 2026, Nord consolidated nearly 4 kilometers of historic boundary into a single land package, enhancing its resource base in the Gowganda Camp and expected to drive future production potential.
See More
