Silver short squeeze/1979/2004 For any First Majestic longs 1979 re-visited in respect of the silver short squeeze could provide an interesting scenario for the FR stockprice!
https://www.futuresource.com/charts/charts.jsp?s=si&o=&a=M&z=799x550&d=HIGH&b=bar&st=
Obviously add twenty five years of inflation to the previous highs achieved. I estimate that we would be talking around $150-$200 an oz and although that might seem absolutely crazy at this time I only quote it to make us appreciate the dramatic increase in 1979 in relative terms taking inflation into account.
Could it happen again? - I would say the odds are pretty high.
https://www.gold-eagle.com/editorials_04/stein111604.html
Another thing to notice on the chart is the speed in which it happened. It make you wonder how many investors jumped off at the very earliest of stages waiting for the 'technical' pullback.
Interesting times in a very interesting stock!