NEW YORK (TheStreet) -- Shares of First Majestic Silver  (AG - Get Report)  are down 5.29% to $15.58 this afternoon as silver prices begin to slide.

Silver for September delivery is down 0.59% to $20.19 per ounce on the COMEX.

The metal had posted gains for eight of the last nine trading sessions, coming close to two-year highs.

Record rallies in U.S. equities have helped to curb investor appeal for safe-haven precious metals like silver.

Gold prices are also lower today, as the commodity metal sets to close lower for the fourth session in a row. Gold for August delivery is down 1.66% to $1,334.10 per ounce this afternoon on the COMEX.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, TheStreet Ratings finds weaknesses including feeble growth in the company's 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.