Endeavour Silver Corporation has taken quite a battering in the recent sell off and correction that has hit silver stocks.

EXK is down from over $5.50 and as it has been beaten down so much we are signalling a BUY again on this stock and recently we bought for an average price of $4.10 per share and doubled our position.

We are comfortable buying Endeavour at these levels as this silver stock is trading well below its 200 day moving average but also finding support on the 50dma. Regular readers may recall that we described EXK as “a steal” in August when the stock was trading as low as $3.25

In the short term, we should see a decent rebound in EXK’s stock price but in the longer term this stock is set to move a lot higher as silver prices move north and they expand their silver projects in Mexico.

We recently met with the Endeavour Silver Management Team at The Silver Investment Summit in London and were extremely impressed with their knowledge and enthusiasm for what they do. Both Hugh Clarke and Bradford Cooke exude great confidence for their product. Yes you expect this of a team doing a road show however even at the end of a hard day they were able to find the patience to explain their story to the late comers to this gathering of silver bugs. We are confident that this company has the right people to ensure that stockholders in EXK fully benefit from rising silver prices.

Sam Kirtley and Endeavour Silver Chairman and CEO Bradford J. Cooke at The Silver Investment Summit at The Paddington Hilton, London.

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