This Stock’s Next Move Could Be a ‘Silver’ Lining For Commodity Bulls Jim Van Meerten May 12, 2026 3 min read SIN26 AG Silver bars stacked by Walter Freudling via Pixabay First Majestic Silver (AG) shares show a renewed medium-term rising trend, reflecting increased buying interest among investors. The stock recently broke above a key short-term resistance level at $23, giving AG a shot at reclaiming its 2026 high around $32. The stock is up 20% the past 5 days.
The PPO technical indicator just crossed into positive territory, indicating a strengthening technical picture. Today's Featured Stock Valued at nearly $11 billion, First Majestic Silver (AG) is a mining company focused on silver (SIN26) production in Mexico and the United States. The company differentiates itself through its own minting facility, which generated $49 million in direct-to-consumer bullion sales in the previous year.
What I'm Watching I found today's Chart of the Day by using Barchart's powerful screening functions to sort for stocks with notably improving technicals, a combination of momentum, strength, and direction. I then used Barchart's Flipcharts feature to review the charts for timely opportunities. More News from Barchart Dollar Edges Higher on Crude Oil Strength Dollar Erases Early Gains as Stocks Rally Dollar Rallies on Crude Oil Strength as Hot US CPI Report Get exclusive insights with the FREE Barchart Brief newsletter.
Subscribe now for quick, incisive midday market analysis you won't find anywhere else. AG has rallied from its recent low around $19 just 2 weeks ago. Its 20-day moving average is strong, as is its 50-day moving average, both of which are rated "BUY" by Barchart Opinion.
The PPO indicator is showing signs of positive divergence, a sign of increasing momentum as the stock moves toward its February 2026 highs. With the underlying price of silver also trending higher, AG is well-positioned to capitalize on the broader commodity bull market. www.barchart.com Barchart Technical Indicators for First Majestic Silver Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. 72% "Buy" Overall Average: Barchart's composite indicator shows a firming technical outlook with "Strongest" movement in short-term indicators.
Note that recent Chart of the Day selections were also at that 72% level. The stock is up from an 8% "BUY" rating a week ago, indicating an expanding rally. AG is a "BUY" on Barchart's Trend Seeker indicator.
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