First Majestic Silver Under Pressure as Silver Rally May Be Ending

17 days ago

Valerie

"Uh, Idaho is a big area for for silver. Um, but silver miners are on a back foot after the air, I guess, is starting to come out of this silver rally. So, we have the likes of Core Mining uh down [snorts] nearly 5%, Hela Mining down 4%, First Majestic Silver, ticker AG, funny for for those who know the periodic table, is down 4% as well. there. Um, you know, the silver's rally has really been led by this tightness of inventories and a lot of these silver miners have benefited from the runup of the price of silver in December, but it does seem to be like the that the rally might be ending for some of these silver silver miners headed into your end."

The commentary highlights that First Majestic Silver (ticker AG) and other silver miners are showing weakness with declines around 4-5%. The speaker notes that the recent silver rally, driven by tight inventories, may be coming to an end, suggesting potential near-term downside risks for these stocks.

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