First Majestic Silver is trading 5.28% down now at $20.06 as markets turn risk-off after Brent crude surpassed $100 per barrel and U.S.-Iran tensions escalated.
- The broader market is weaker, with the S&P 500 down 0.55% and Nasdaq Composite down 0.79%; elevated inflation concerns keep Treasury yields firm.
- The September 9 San Dimas drilling update was positive, not a clear bearish catalyst. Recent sector commentary linked weakness to precious-metals selling and rate volatility.