First Majestic Silver Tanks 6.2% Amid Broader Precious-Metals Selloff

First Majestic Silver Corporation (AG) plummeted by 6.2% on September 23, 2026, amidst a broader precious-metals selloff.

The sharp decline in silver prices to 2.8% during the session put pressure on leveraged silver-miner names like First Majestic.

Spot silver's drop was attributed to a firmer U.S. dollar and a more hawkish rate backdrop, which likely weighed on AG shares.

The company's recent corporate updates did not point to any fresh negative catalysts, with high-grade drill results at San Dimas and an expanded exploration footprint highlighted in its September 9 update.