Bullboard - Stock Discussion Forum First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a Canada-based mining company focused on silver and gold production in Mexico and the United States. The Company owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada... see more

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TSX:AG - Post Discussion

First Majestic Silver Corp > short covering

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Post by Golddiver on Jan 25, 2021 11:13am

short covering

It is short covering guys. 30% of the stock is short .. if this one accelerates it will burn them.

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Comment by BingoFuel on Jan 25, 2021 11:33am

Silver is making a recovery now. Time for a new leg up.

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Comment by JBoukis on Jan 25, 2021 11:54am

Yup, agreed. Short term action doesn't concern me though and this could get smashed down again just as quick. Solid volume when everything else is red. Hmm, short squeeze? Mex tax dispute? Acquisition? Something may be up...

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Comment by HavingFun on Jan 25, 2021 12:29pm

Agree - this doesnt feel like short covering. Also, it's options expriy week. if we follow pattern then Gold and silver should get smashed this week. if for some reason that doesnt happen, then i could understand this price move, but seems a little early in the week unless some news is pending?? curious to see how the day ends....at this time much of the gain has been given ...more

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