泛美白银股价单日跌近9%，受银价回调及板块走弱拖累

Core Viewpoint - Pan American Silver (PAAS.N) experienced a significant stock price drop of 8.83% on February 12, 2026, closing at $54.59, primarily influenced by a sharp decline in silver prices and overall market conditions [1][2]. Group 1: Stock Performance - The stock price of Pan American Silver fell significantly due to a major drop in silver prices, with London spot silver down 10.73% to $75.224 per ounce on February 12 [1]. - The COMEX silver futures also saw a decline of 10.62%, indicating a strong correlation between the company's stock price and silver market fluctuations [1]. Group 2: Market Conditions - On the same day, major U.S. stock indices collectively declined, with the Nasdaq index down 2.03%, reflecting overall market weakness [2]. - The gold sector, which includes Pan American Silver, experienced an overall drop of 4.59%, driven by changing risk sentiment and concerns over interest rate policies affecting resource stocks [2]. Group 3: Technical and Fund Flow Analysis - Following a closing price of $59.62 on February 11, some investors likely opted to lock in profits during the silver price correction, as the stock had gained 15.06% year-to-date until that point [3]. - The accumulation of short-term gains made the stock more susceptible to sell-offs amid increased market volatility [3].