Majestic, Indeed

First Majestic Silver Corporation, a Canadian silver mining company, is another fine example of a silver miner exuding impressive strength of late, flying directly in the face of the U.S. Dollar's rally. 

While the entire precious metals and mining complex remains mired in long-term technical quagmires, bears have not gotten what they expected given the Dollar rally. 

And now that the Loonie and Aussie Dollar are waking up, it seems more likely than not that precious miners find some relief or, in the case of a strong AG daily chart below, seem any tensions alleviated which were keeping a lid on them for a breakout higher. 

Note how well, for example, AG has held above all its daily chart moving averages when, again, in the past the silver miners were completely wrecked each time the Dollar found a whiff of any strength.