First Majestic (AG) Jumps to New High as Silver Prices Hit New Record

Group 1 - First Majestic Silver Corp. (NYSE:AG) experienced a significant share price increase, reaching a record high of $12.16, closing up 14.31% at $12.14, driven by a surge in silver prices [1][2] - Silver spot prices rose to $44.06 per troy ounce, up 2.27%, influenced by expectations of interest rate cuts, which typically weaken the US dollar and enhance the appeal of precious metals [2] - The company reported positive exploration results from its Los Gatos Silver Mine in Chihuahua, Mexico, focusing on expanding mineralization of silver, zinc, lead, copper, and gold [3]