First Majestic Silver Corp. (NYSE:AG) hit a new record high as silver prices surged to all-time highs. The stock rallied to $12.16 before closing at $12.14, up 14.31%. Silver spot prices rose to $44.06 per troy ounce, driven by expectations of more interest rate cuts benefiting precious assets like silver and gold.

First Majestic announced positive exploration results at its Los Gatos Silver Mine in Mexico, aiming to expand mineralization zones. While AG shows investment potential, some believe AI stocks offer higher returns with limited downside risk. For insights on an affordable AI stock benefiting from Trump tariffs, check out our free report.

Read more at Yahoo Finance: First Majestic (AG) Jumps to New High as Silver Prices Hit New Record