While gold may enjoy the market’s spotlight during this trying season, investors should also pay close attention to silver. A much more volatile asset than gold, silver nevertheless attracts speculators because of its upward mobility during bullish cycles. Further, silver-mining firms such as Endeavour Silver (EXK) have benefitted quite handsomely. Moving forward, a few key catalysts could keep this training running hot.
For starters, the Barchart Technical Opinion indicator rates EXK stock as a strong 88% buy. Specifically, its short-term outlook suggests that Endeavour can maintain its current direction. As well, longer-term indicators affirm a continuation of the ongoing trend. About the only cautionary note is that EXK presently trades in highly overbought territory. Therefore, investors should watch out for a trend reversal.
