I have recommended the long side of silver miner Endeavor Silver ( EXK) before on the pages of Real Money. Today I see another upside breakout from a base pattern. Let's check the charts as spot silver prices touch $25/oz.
In this daily bar chart of EXK, below, I can see that prices have rallied above the highs of August, November and January. Prices trade above the bottoming 50-day and 200-day moving average lines.
The On-Balance-Volume (OBV) line shows up and down strength from May. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line. 
In this weekly Japanese candlestick chart of EXK, below, I can see that prices have broken out over a downtrend line (not drawn) from the highs of 2021. The weekly candles look positive with no upper shadows. The OBV line has turned higher from a long sideways trend. The MACD oscillator is crossing the zero line as I write this.
In this daily Point and Figure chart of EXK, below, I can see that prices have reached and exceeded an upside price target.
In this first weekly Point and Figure chart of EXK, below, I can see an upside price target in the $6 area.
In this second weekly Point and Figure chart of EXK, below, I used a five box reversal filter. Here the software suggests a price target in the $8 area.
The cash price of silver using the ( SLV) (iShares Silver Trust), below, is up near $23/oz which would break the downtrend of the past two years.
Bottom line strategy: Traders should consider buying EXK close to $4.00 risking to $3.50. A rally to the $8 is possible.
