The S&P hit all-time highs on Friday, then promptly sold off into the long weekend.

But while everyone’s taking profits and worrying about September being historically brutal for stocks, AG is sitting pretty at $9.20 – just 30 cents from its 52-week highs.

Look, I’ll be honest with you – I’m a self-confessed trading addict, and when I see a setup this loaded, it gets my blood pumping.

We’re talking about a stock that’s crushed the market by 6x this year (+68% vs. the indices’ +10%), and it’s STILL coiled for another leg higher.

Most traders are looking at this thinking “too extended.” Me? I’m thinking this is exactly where you want to be when the macro winds are shifting in your favor.

What AG Actually Does (The Boring Stuff)

AG is First Majestic Silver Corp – they mine silver primarily in Mexico. Not the sexiest business in the world, but here’s the thing – with inflation still running hot at 2.9% core PCE and the Fed expected to cut rates in September, precious metals miners like AG are sitting in the sweet spot.

Lower rates make holding non-yielding assets like silver more attractive, and inflation concerns? Well, that’s exactly when people start looking at precious metals as a hedge.

AG is basically positioned for the perfect storm.

Why This Technical Setup Has Me Excited

The Daily Squeeze (This Is Huge)

When you get a daily squeeze, you’re looking at sustained consolidation on the daily timeframe. Think about it – all that buying and selling pressure gets compressed into a tighter and tighter range until something’s gotta give. And when it breaks? Man, those moves can be violent.

A daily squeeze means we’re building energy on a timeframe that actually matters. Not some five-minute noise that’ll be forgotten by lunch, but real institutional-level accumulation.

Stacked Smaller Timeframe Squeezes

But here’s where it gets really interesting – AG isn’t just showing a daily squeeze. We’ve got squeezes stacked on the 130-minute, 60-minute, AND 78-minute charts.

This is like having multiple springs coiled at the same time. When they all release together? That’s when you get those moves that make your month in a single day.

Why Stacked EMAs Matter

The exponential moving averages are all lined up perfectly – daily and weekly both showing bullish alignment. This isn’t some choppy, sideways mess where you’re guessing which direction we’ll break.

Stacked EMAs tell you the trend is your friend, and right now, that trend is pointing straight up. When you’ve got multiple timeframes all agreeing on direction, you want to be on the right side of that trade.

The Relative Strength Story

AG is currently sitting around $9.20, just below its 52-week high of $9.48. And here’s the crazy part: this thing held strong on Friday when everything else was getting beaten up. While other stocks were puking, AG was showing resilience near its highs.

That’s the kind of relative strength that makes me pay attention. When a stock can shrug off broad market weakness, stay near its peaks, AND deliver 6x market returns?

That’s a stock with serious momentum behind it. Maybe it’s commodity prices, maybe it’s operational improvements, maybe both – but something fundamental is driving this outperformance.

What I’m Watching For

I want to see if AG can push through that $9.48 resistance and make new highs. If we get a breakout above those levels and those smaller timeframe squeezes start firing, this could get really interesting really fast.

The risk/reward looks solid – you’ve got clear support levels below, and if this thing breaks out of this daily squeeze with conviction? Well, let’s just say I wouldn’t want to be short.

Your Action Plan

Look, I’m not telling you to mortgage your house and go all-in on AG. But when you see technical factors like daily squeezes, stacked smaller timeframe squeezes, bullish EMA configuration, and this kind of relative strength all lined up?

That’s when you pay attention.

Most traders will ignore it because it’s “too extended” or they’ll wait for a pullback that never comes.

Me? I’m watching this one very closely.

And if I make a move, Daily Profits Live subscribers will be the first to know.