Is First Majestic Silver Extending Its Bullish Run?
$First Majestic Silver(AG)$
First Majestic Silver Corp (AG) Surged +7.14%: Silver Mining Giant Hits New 52-Week High at $17.20
Latest Close Data AG closed at $16.81 on December 12, 2025, gaining +7.14% (+$1.12) from previous close of $15.69. The stock reached a new 52-week high of $17.20, marking a remarkable 230% recovery from its 52-week low of $5.09.
Core Market Drivers Silver prices continued their bullish momentum as precious metals benefited from ongoing inflation hedging demand and potential monetary policy shifts. The company's strong operational performance and recent capital flow improvements ($22.2M net inflow vs $20.0M outflow) supported the breakout move.
Technical Analysis Volume surged 52% above average (28.74M shares, 1.52x ratio), confirming strong institutional interest. MACD shows bullish momentum with DIF at 0.98 above DEA at 0.72, generating positive histogram of 0.53. RSI(6) hit 77.5, indicating overbought conditions but still within bullish territory. RSI(12) at 71.2 suggests strong upward momentum without extreme readings.
Key Price Levels
Primary Support: $15.13 (previous resistance turned support)
Strong Resistance: $17.20 (today's high, new 52-week peak)
Immediate Pivot: $16.50 (psychological level)
Valuation Perspective Current P/E TTM of 106.37x appears elevated but justified by silver sector premiums. P/S ratio of 8.55x trades above mining industry averages, reflecting growth expectations. Forward P/E of 54.1x suggests earnings acceleration anticipated.
Analyst Targets 2 analysts maintain Buy ratings with average target price of $22.77 (range: $21.00-$24.53), implying 35.4% upside potential from current levels.
Weekly Outlook Technical breakout above $17.20 resistance targets $18.50-$19.00 zone. Expect consolidation between $16.20-$17.20 before next leg higher. KDJ indicators (K: 78.7, D: 77.3) suggest continued bullish momentum with potential short-term pullback for healthy digestion.
Risk Disclaimer This analysis is for informational purposes only and not investment advice. Please conduct your own research and consult financial professionals before making investment decisions.
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