Endeavour Silver Corporation: Up 30.58% in 6 weeks!

On the 5th March we were fortunate to pick up this silver mining stock for $3.97, which is now showing a very healthy paper profit as it closed on Friday at $5.21.

As the chart shows Endeavour has recovered really well form the general stock market wobble that hit most sectors of the market thus presenting us with a terrific buying opportunity. The price of silver is also on the move closing at $14.09 on Friday, up from $12.75 in early March.

For this year, Endeavour is predicting sales of C$36 million to C$39 million, based on 2.6 million ounces of estimated silver production from Guanacevi Mines in Durango, Mexico.

This is a pleasing start to the latest addition to our silver portfolio and we will be looking to accumulate more stock going forward.