Why Is First Majestic Silver Stock Sinking Today?

Group 1 - First Majestic Silver's shares are down 2.8% while the S&P 500 and Nasdaq Composite are gaining, indicating a divergence in performance [1] - The decline in First Majestic's shares is attributed to falling silver prices, likely influenced by easing trade tensions between the U.S. and China [1][2] - A successful U.S.-China trade deal could lead to a shift in investor capital from metals to equities, further impacting silver prices [3] Group 2 - Silver miners, including First Majestic, face increased risk as metal prices retreat, despite a significant rise in stock value earlier this year [4] - First Majestic's stock has increased over 80% this year due to rising silver prices, but a decline in silver could lead to a sharper drop in its stock [4] - Analysts recommend caution for investors considering First Majestic, as it was not included in a list of top investment stocks [5][6]