First Majestic being one of the few pure silver plays was expected to be a high flier, and it could yet be, but over the last few years, it has been one of the dregs.  It just can’t seem to manage a positive move in absolute terms much less relative to silver.

Based on the daily Ichimoku cloud, AG has until about March 6 to break above $6.  That is the timeframe in which the Ichimoku cloud’s borders are diagonal and in which it is most susceptible to being breached.  If AG fails to break above $6 by March 6, the odds are it’s headed lower and any advance past $6 will come after March.

So these next two weeks are going to be critical for any bullish technical thesis for AG.  I would be a buyer if it can get above $6 and maintain that level even a day past March 6.  The daily and weekly momentum indicators certainly have a lot of room to move higher.

Other silver miners like HL and EXK have similar cloud structures and windows.  So I have a feeling the next two weeks could see very big moves, up or down.