I haven’t posted about MAG (MAG Silver) in a number of months. The chart shows it has just broken above the two year downtrend line from it’s ATH at 24. This also came out of it’s recent pennant consolidation. Notice  the double bottom in July and late Sept. where MAG, being a silver mining leader, was ahead of the triple bottom in silver. Since I now expect silver to resume it’s leadership higher after recently resting while gold has caught up and outperformed in the last few weeks, MAG should reassert it’s leadership and work it’s way to and thru that 24 ATH. How fast it takes to get there and how much above 24 it gets to will obviously depend on how fast silver gets to it’s two year high at 30 and above. It will depend on if silver continues to be slow walked higher or if something changes that allows it to run higher at a pace more reflective of the extreme supply shortage that exists.