First Majestic Silver Corp T.AG

Alternate Symbol(s): AG

Metals & Mining Silver

First Majestic Silver Corp. is a mining company. It is focused on silver and gold production in Mexico and the United States. It owns and operates the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, United States. It also owns and operates its own minting facility, First Mint, LLC, and offers a portion of its silver production for sale to the public. The San Dimas Silver/Gold Mine is located over 130 kilometers (km) northwest of the city of Durango, Durango State, Mexico and consists of 71,868 hectares of mining claims located in the states of Durango and Sinaloa, Mexico. The Santa Elena Silver/Gold Mine is located over 150 km northeast of the city of Hermosillo, Sonora, Mexico. The La Encantada Silver Mine is an underground mine located in the northern Mexico State of Coahuila, 708 km northeast of Torreon.

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First Majestic Silver Corp > Silver short covering

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Comment by stocktraderguy1on Jan 04, 2021 2:32pm

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Post# 32216631

RE:Silver short covering

apparantly the banks are short aprox 300 mil ounces of silver... First Majestic AG shorters holding just under 44 million shares ... I do not envy that position...

actually it is very concerning,

either,,, they are in a very bad situation, where covering at any where near a small loss is looking impossible....

or they once again know more than everyone else...and they plan to ride a crash in the market, shorting ever further into oblivion.

has thier "end game" blown up, or is it still in play

it is looking like the end of days is here for the shorters ... hoping that silver will drop low and long enough for them to cover... looks unlikely..