Silver for September delivery is up 1.62% to $20.16 per ounce on the COMEX. Silver and gold are poised to close their sixth week of gains today.
Silver and gold dropped briefly yesterday after reports showing upbeat U.S. economic data led to speculation of an upcoming interest rate hike, followed by further losses this morning after the U.S. June jobs report showed the largest job gains of the year.
However, global market uncertainty - initially spurred by the June Brexit vote - is causing investors to continue to look toward commodities investments as a safer option.
First Majestic Silver is a Vancouver-based mining company.
Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D+.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: AG
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.