First Majestic Silver

I wrote about Pan American Silver in Dec, Now another Silver miner that I have interests in is First Majestic Silver[Code - AG listed in US/NYSE], a developer in the field, higher Beta so more risk-reward on both sides. Last year it fell more due to some bad earnings announcements and recently it is catching up doing better than others in the space. Breaking out of the triangular trading range above 14$ I am marking the recent move up as a series of impulse waves developing and of course banks on the idea of Silver doing well as the underlying commodity.