FIRST MAJESTIC SILVER CORP is likely to pursue its uptrendArguments in favour of silver stocks in general :
1) Like gold, silver is an hedge against recessions.
2) The probability of a recession is the highest since 2007 according to the NY FED (Probability of US Recession Predicted by Treasury Spread*).
3) Gold to silver ratio is at an all time high and need to be rebalanced. My guess is that it will be rebalanced with a faster uptrend in silver than in gold.
Long