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    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001602426</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001308648</issuerCik>
      <issuerName>FIRST MAJESTIC SILVER CORP</issuerName>
      <secFileNumber>001-34984</secFileNumber>
      <issuerAddress>
        <com:street1>925 WEST GEORGIA STREET</com:street1>
        <com:street2>SUITE 1800</com:street2>
        <com:city>VANCOUVER</com:city>
        <com:stateOrCountry>A1</com:stateOrCountry>
        <com:zipCode>V6C 3L2</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>604-688-3033</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Hanneman Karl L</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Separated Affiliate within 90 days of seperation</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common Shares</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Charles Schwab &amp; Co.</name>
        <address>
          <com:street1>3000 Schwab Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>25500</noOfUnitsSold>
      <aggregateMarketValue>187552.50</aggregateMarketValue>
      <noOfUnitsOutstanding>287146715</noOfUnitsOutstanding>
      <approxSaleDate>03/18/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common Shares</securitiesClassTitle>
      <acquiredDate>12/18/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Open Market Purchase</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>N/A</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>25500</amountOfSecuritiesAcquired>
      <paymentDate>12/18/2020</paymentDate>
      <natureOfPayment>Cash</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>Shares being sold from KNH TRUST</remarks>
    <noticeSignature>
      <noticeDate>03/18/2025</noticeDate>
      <signature>Karl Hanneman</signature>
    </noticeSignature>
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144
0001602426
XXXXXXXX
LIVE
0001308648
FIRST MAJESTIC SILVER CORP
001-34984
925 WEST GEORGIA STREET
SUITE 1800
VANCOUVER
A1
V6C 3L2
604-688-3033
Hanneman Karl L
Separated Affiliate within 90 days of seperation
Common Shares
Charles Schwab & Co.
3000 Schwab Way
Westlake
TX
76262
25500
187552.50
287146715
03/18/2025
NYSE
Common Shares
12/18/2020
Open Market Purchase
N/A
N
25500
12/18/2020
Cash
Y
Shares being sold from KNH TRUST
03/18/2025
Karl Hanneman