First Majestic Silver Corp is trading 10.1% down at $17.77 following a sharp slide in precious metals miners and a broader risk-off move across equity markets.
- The stock is falling alongside general weakness in silver and gold names as the S&P 500 and Nasdaq trade more than 1% lower.
- Investors are currently trimming exposure to cyclical and risk-sensitive assets, with the downward pressure appearing to be macro-driven rather than a reaction to company-specific news.