First Majestic Silver stock price slides 17% after silver’s record plunge — what traders watch next
New York, Feb 1, 2026, 06:11 (EST) — Market closed
- First Majestic Silver tumbled 17.3% to $20.84 on Friday, as silver suffered its worst one-day plunge ever recorded.
- CME plans to raise margins on Comex silver futures following Monday’s close, potentially curbing leveraged trades.
- Investors are eyeing U.S. factory data set for Monday and the February 6 jobs report as potential catalysts for the dollar and interest rate expectations.
Shares of First Majestic Silver Corp dropped 17.3% to $20.84 on Friday, with about 61 million shares changing hands.
The metal’s move came after a sharp plunge: spot silver tumbled 27.7% to $83.99 an ounce, following a record high of $121.64 just a day earlier, even dipping…
