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First Majestic Silver Slides as Silver Prices Retreat and Sector Selling Hits Miners

Investivoq PriceTracker

First Majestic Silver Corporation (AG) is down 6.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a broad precious-metals selloff rather than a new company-specific setback. Silver prices fell sharply on September 23, 2026 as a firmer U.S. dollar and a more hawkish rate backdrop pressured the metal, and that likely weighed on leveraged silver-miner names like First Majestic.

Details:

  • Spot silver was down roughly 2.8% during the session, creating an immediate headwind for silver producers whose earnings are highly sensitive to realized metal prices.
  • Sector weakness appears to have been widespread, with silver-mining shares broadly under pressure the same day, suggesting AG was caught in a group move rather than reacting to an isolated company event.
  • First Majestic’s most recent corporate update on September 9 highlighted high-grade drill results at San Dimas and an expanded exploration footprint, which does not point to an obvious fresh negative catalyst.
  • The company’s July 30 second-quarter release showed stronger operating earnings and EBITDA year over year, so today’s drop could be because traders were taking profits and de-risking as silver pulled back.

    • Sources:

    First Majestic Silver, SEC, FXStreet, Reuters

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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    $AG Hedge Fund Activity

    We have seen 182 institutional investors add shares of $AG stock to their portfolio, and 193 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 12,166,588 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $206,345,332
    • LINGOTTO INVESTMENT MANAGEMENT LLP removed 4,681,452 shares (-46.7%) from their portfolio in Q2 2026, for an estimated $79,397,425
    • BARCLAYS PLC added 3,291,173 shares (+791.0%) to their portfolio in Q2 2026, for an estimated $55,818,294
    • ARTEMIS INVESTMENT MANAGEMENT LLP removed 2,754,973 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $59,176,820
    • MORGAN STANLEY added 2,528,329 shares (+55.6%) to their portfolio in Q2 2026, for an estimated $42,880,459
    • TORONTO DOMINION BANK added 2,430,121 shares (+259.8%) to their portfolio in Q2 2026, for an estimated $41,214,852
    • BANK OF AMERICA CORP /DE/ removed 2,352,693 shares (-38.7%) from their portfolio in Q2 2026, for an estimated $39,901,673

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.