First Majestic (AG) Wins 14.3% as Silver Hits Fresh Record

Group 1 - First Majestic Silver Corp. (NYSE:AG) experienced a significant increase of 14.3 percent week-on-week, driven by investor interest in mining companies following favorable US inflation data [1][3] - The personal consumption expenditures index rose by 0.3 percent in August, leading to an annual headline inflation rate of 2.7 percent, slightly up from 2.6 percent in July, but within economists' expectations [2] - The positive inflation figures have bolstered expectations that the US central bank may continue to lower interest rates, which is beneficial for precious metals like silver and gold [3] Group 2 - The decline in interest rates is expected to weaken the US dollar, making precious metals more affordable for foreign investors, thus enhancing the attractiveness of First Majestic Silver Corp. [3] - First Majestic Silver Corp. reached its highest 52-week price of $12.67 during the week, although there was some profit-taking towards the end [3]