Today we will be focusing on First Majestic Silver. Silver and metals have been in high demand since the beginning of covid, and have recently gained more traction with the Russian Ukraine conflict. There are many social factors and world factors that are contributing to the bullish silver move. Another major factor is the rise inflation. Goldman Sachs states here that inflation is closer to 11% and investors aren’t prepared for it. Since that statement First Majestic Silver has risen roughly 35 percent.

lets breakdown the Chart and fundamentals.

AG First Majestic Silver closed up today 4.96 percent hitting a high of 14 dollars. From the chart we can see that First Majestic Silver has created a higher lower which will be used as new support. The first support level is at 12.63, 2nd support level is at 12.11 and 3rd support is at 11.41. AG has resistance at 13.83. 2nd resistance point at 14.53 and 3rd resistance point at 15.04. As these resistance points break they become new support and same if the support breaks it will become a new resistance. However with the current markets and major supply issues I don’t expect AG to slowdown anytime soon. The 52 week high for AG is 18.83 which I believe it can easily surpass with current market conditions unless things settle down globally. I would add AG to your watch list especially if you are a trader or swing trade, the volatility in the stock creates great trading opportunities. This concludes are report on Silver Stocks Rise on Economic Unrest. Stay tuned for more.

Volume Indicators
20 Day Avg Vol	6,808,280
Today / 20 Day Avg Vol	ABOVE
150 Day Avg Vol	4,697,050
Today / 150 Day Avg Vol	ABOVE
Abnormal Volume	ABNORMAL VOLUME
William Volume Accumulation	bullish
Volume Price Trend	bullish

Momentum Indicators
10 Day Trend	bullish
40 Day Trend	bullish
100 Day Trend	bearish
Stochastics	neutral
RSI	neutral
MACD	bullish