Is First Majestic Silver Stock a Buy?

The price of silver has climbed more than 19% so far this year, more than recovering from its 9% fall in 2018. Many investors with an interest in precious metals, consequently, are wondering if it's still a good time to pick up shares of silver stocks like First Majestic Silver (NYSE: AG), or if that ship has sailed for the time being. That's not a misguided concern, considering First Majestic Silver's stock has skyrocketed more than 78% year to date. But mining silver isn't the only way in which this company profits -- it's also involved in the production of gold and base metals.

While the recent movements in the stock and commodity can provide some intimations about what's to come, savvy investors know that there are many other factors to consider before buying a stock.

With that in mind, let's take a wider look at the bull and bear cases for First Majestic Silver.

Source Fool.com