Pan American Silver shares fall 5.17% after-hours as silver prices slump over 14%, dragging down mining peers.

Pan American Silver (PAAS) fell 5.17% in after-hours trading following a sharp decline in silver prices, which dropped over 14% in recent trading. The stock’s decline aligned with broader weakness in silver-linked equities, as the metal’s price slump pressured mining companies reliant on silver exposure. News reports highlighted the correlation between the drop in spot silver prices and underperformance of peers like First Majestic Silver, reinforcing the bearish sentiment. While other news items included analyst upgrades, institutional transactions, and production updates, the immediate driver of the after-hours decline was the sustained pressure on silver prices, which directly impacted PAAS’s valuation.