First Majestic Silver (AG) stock price sinks as silver selloff deepens; what traders watch next
New York, Feb 2, 2026, 09:40 EST — Regular session
- First Majestic dips in early trading amid a steep drop in silver prices.
- Precious metals-linked equities took a hit as futures margins rose and rate expectations shifted.
- Traders are eyeing U.S. labor data later this week as the next key catalyst.
Shares of First Majestic Silver Corp dropped roughly 17% to $20.84 in early Monday trading, hit by a new slide in silver prices that weighed on the sector. The stock hit a low of $19.54 after starting the day at $22.50.
That’s key since miners essentially offer a leveraged play on the metal: swings in silver prices directly impact revenue forecasts, hedging strategies, and risk thresholds all at once. When this…
