Silver Mining Stock Pulls Back Alongside Precious Metals

Options traders are flocking to the silver name

Fernanda Horner

Digital Content Manager

Dec 29, 2025 at 11:14 AM

First Majestic Silver Corp (NYSE:AG) stock is down 4.9% to trade at $16.56 at last glance, the silver miner struggling as the red-hot safe haven asset pulls back from its record run. Silver broke above $80 overnight but was last seen 7% lower amid a bout of profit-taking.

AG is fresh off its third-straight weekly gain and has amassed a 203.8% lead for 2025, one of the best stocks on the New York Stock Exchange this year. Though the shares are pulling back from their Dec. 22, four-year high of $17.91, a new floor appears to be emerging at $16, and the 20-day moving average looks poised to contain today’s losses.

Options bears are piling on today, with 5,364 puts exchanged so far, which is double the volume typically seen at this point. The most popular contract is the April 30 call, followed by the January 16, 2026 20-strike call.

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