Endeavour Silver (EXK) Surges 10.37%: What's Fueling This Record Rally?

Summary
• Endeavour Silver (EXK) rockets 10.37% to $8.455, hitting a 52-week high of $8.528
• Q3 production jumps 102% with Kolpa acquisition driving 1.77M oz silver output
• Analysts upgrade price targets as short interest surges 11% to 11.81%

Endeavour Silver’s stock is in a historic breakout, fueled by a record Q3 production surge and strategic acquisitions. With silver prices hitting $49.50/oz and gold at $4,000/oz, the precious metals sector is in a tailwind. EXK’s intraday range of $8.02–$8.52 reflects aggressive buying amid bullish technicals and a 4.4/5 analyst consensus rating.

Kolpa Acquisition and Q3 Output Drive EXK’s Record Rally
Endeavour Silver’s 10.37% surge stems from its Q3 2025 production report, which showed 1.77M oz silver and 7,286 oz gold, driven by the May 2025 Kolpa acquisition. The Kolpa mine contributed 598,689 oz silver, while Terronera’s throughput hit 1,800 tpd post-mill outage. Analysts highlight the 129% year-over-year throughput increase and 82.8% silver recovery at Terronera as catalysts. The stock’s 52-week high of $8.62 is within striking distance, with the 52-week low at $2.9501 underscoring the 180% rally since March 2024.

Options and ETFs to Capitalize on EXK’s Bullish Momentum
• 200-day average: $4.7362 (well below current price)
• RSI: 47.12 (neutral, not overbought)
• MACD: 0.4285 (bullish divergence from signal line 0.4686)
• Bollinger Bands: $8.656 (upper), $6.1806 (lower)—price near upper band
• Gamma: 0.136956 (high sensitivity to price moves)
• Theta: -0.014869 (moderate time decay)

Top Options Contracts:
• EXK20251121C7.5
- Call option, strike $7.50, expires Nov 21, 2025
- IV: 86.56% (high volatility)
- Leverage ratio: 5.60% (aggressive)
- Delta: 0.724868 (moderate directional sensitivity)
- Theta: -0.014869 (moderate decay)
- Gamma: 0.136956 (high gamma for rapid delta shifts)
- Turnover: $78,968 (liquid)
- Payoff at 5% upside ($8.87): $1.37/share (35% gain)
- Why it stands out: High leverage and gamma make it ideal for short-term bullish bets as EXK approaches its 52-week high.

• EXK20260116C7.5
- Call option, strike $7.50, expires Jan 16, 2026
- IV: 76.95% (reasonable)
- Leverage ratio: 4.57% (moderate)
- Delta: 0.706357 (moderate directional sensitivity)
- Theta: -0.007768 (lower decay)
- Gamma: 0.102582 (solid sensitivity)
- Turnover: $59,437 (liquid)
- Payoff at 5% upside ($8.87): $1.37/share (30% gain)
- Why it stands out: Lower theta and longer expiration provide flexibility for a sustained rally, aligning with EXK’s 100-day MA of $5.6267 and 200-day MA of $4.7362.

Action: Aggressive bulls may consider EXK20251121C7.5 for a short-term breakout play, while EXK20260116C7.5 suits a mid-term hold as the stock tests its 52-week high.

Backtest Endeavour Silver Stock Performance
Below is an interactive back-test report for the “RSI Oversold 1-Day Rebound” strategy. Open the module to review detailed statistics, trade list and equity curve.Key takeaway: The strategy generates a positive but modest risk-adjusted return, indicating that single-day rebounds from RSI oversold levels on NVDA have been exploitable yet not consistently strong over the test horizon. Consider layering additional filters (e.g., trend or volume) if you seek higher efficiency.

EXK’s Rally Gains Legs: Position for a Breakout Above $8.62
Endeavour Silver’s 10.37% surge reflects a confluence of operational outperformance and sector tailwinds. With silver and gold hitting record highs and the company’s Q3 production exceeding guidance, the technicals—particularly the MACD divergence and Bollinger Band proximity—signal a high-probability continuation. Investors should monitor the 52-week high at $8.62 and the 200-day MA at $4.7362 as key levels. Meanwhile, Newmont (NEM), the sector leader, is up 4.19% on Trump trade fears, reinforcing the precious metals rotation. Act now: Buy EXK20251121C7.5 for a 5% upside target or hold the stock as it challenges $8.62.