On May 15, Pan American Silver fell 5.68% in regular trading, trading at $56.99/share, with trading volume of $55.16 million. The decline came amid a broad selloff across the precious metals complex, as silver prices suffered a sharp intraday plunge.
On the news front, spot silver tumbled 5% on the day while COMEX silver futures dropped 5.97% to $84.035/ounce, as massive profit-taking was triggered by negative India tariff news. Silver had accumulated significant gains in its prior rally, and the tariff development served as a catalyst for concentrated long liquidation. The broader metals market experienced a full-scale rout, with U.S. stock index futures also extending losses — Dow futures fell 0.96%, S&P 500 futures declined 1.24%, and Nasdaq 100 futures dropped as much as 1.78%.
Within the Gold sector where Pan American Silver belongs, stocks declined broadly. Among peers, Coeur Mining fell 7.27%, Wheaton Precious Metals fell 6.07%, Newmont Mining fell 5.5%, Agnico Eagle Mines fell 5.35%, and Barrick Mining fell 4.94%. Notably, the World Silver Institute data shows global silver supply deficits are expected to persist for a sixth consecutive year in 2026, with the gap widening 15% versus 2025.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
