🔴 First Majestic Silver is trading 5% down in pre-market as oil prices and U.S.-Iran tensions rise

First Majestic Silver is trading at $20.13 (-4.96%), mainly as broad risk-off sentiment weighs on markets.

• On September 9, First Majestic Silver reported high-grade San Dimas drill results, including strong silver-gold intercepts; the news was positive rather than a clear bearish catalyst.
• The S&P 500 is down 0.55% and Nasdaq Composite 1.30% in pre-market trading.
• Higher oil prices and escalating U.S.-Iran tensions are pressuring global equities and commodities sentiment.