PAAS·Pan American Silver Corp.

Realized volatility (21d)

39.0% 33rd pct

Below its peak

-35.5%

vs 200-day average

-15.6%

Up days (1y)

51%

Pan American Silver Corp. is currently running 39.0% annualised volatility over the last 21 sessions. Measured against PAAS's own 13 years of daily returns rather than a market-wide average, that is the 33rd percentile — on the quiet side for this stock, against a typical reading of 44.5%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

PAAS is trading -35.5% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -34.1%, and the deepest was -54.1% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -15.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 17th percentile — a narrower gap than it typically runs. Over the past year PAAS closed higher on 51% of sessions, and it is currently 3 sessions into a falling streak.

On October specifically: over 14 years of records, PAAS finished the month higher 6 of 14 times, with a median return of -0.8% and an average of +0.5%. Its strongest month historically has been April at +6.1% on average, its weakest September at -4.9%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: PAAS has opened more than 2% away from the prior close in 414 of 3,267 sessions (12.7% of the time), with the largest gaps running +13.7% and -13.3%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-15 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against PAAS's own 13-year history, not a peer group or index.