Why Silver’s Next Move May Be Built on a Much Stronger Base | Mani Alkhafaji - First Majestic
The Deep Dive Jun 9, 2026
Summary
Alkhafaji argues silver's recent pullback is healthy consolidation, building a stronger base for the next upward move in the broader cycle.
Higher silver prices have not fixed the primary supply deficit, as limited new mine supply continues to constrain the market.
First Majestic reports record Q1 financials, progress on the Jerritt Canyon restart, and growing direct interest from silver consumers.