That's hard to say, but maybe $70/oz. Silver is dirt cheap right now.
Looks like the silver cartels like JPMorgan, and others, are still manipulating the paper price, while accumulating the physical bullion.
I wouldn't be surprised if First Majestic gets taken down to $4. However, if you're a long term investor, probably good idea to just hold your shares, because this may be the bottom. Hard to call bottoms.
Just my opinion of course...