First Majestic Silver (AG) has been in a long downtrend, but signs of a bottom have started to form around the $5/$6 level. The recent stabilization and gradual upward pressure suggest that the stock may be building a base.
Analysts currently set an average 12-month price target at $7.86. However, if AG manages to break above this base structure, it could trigger momentum toward the $10–$15 range over the next year.
Silver prices remain a key driver. With rising interest in both industrial metals and defensive assets, silver could find tailwinds—and AG would likely benefit as a result.
While it is not making headlines, the setup is worth watching. Quiet accumulation often precedes meaningful breakouts.
Analysts currently set an average 12-month price target at $7.86. However, if AG manages to break above this base structure, it could trigger momentum toward the $10–$15 range over the next year.
Silver prices remain a key driver. With rising interest in both industrial metals and defensive assets, silver could find tailwinds—and AG would likely benefit as a result.
While it is not making headlines, the setup is worth watching. Quiet accumulation often precedes meaningful breakouts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.