"If you're looking for a way to play the rise in silver without having to take on the risk of futures positions, Endeavour Silver (EXK) should be at the top of your list of potential investments," says Jack Barnes.

The contributing editor to Money Morning explains, "Endeavor recently released its annual results for 2010; to say that they hit the ball out of the park would be an understatement.

"Founded in 1981, Endeavour Silver is based out of Vancouver, Canada. The company has more than 750 full-time employees, with production of gold and silver in Mexico. It has a market cap of about $700 million, with an enterprise value of $574 million, once net debt and cash is accounted for.

"Silver stocks are exploding upwards; one beneficiary is Coeuer d'Alene Mines (CDE), a classic turnaround story," says Mark Skousen.

The editor of The Turnaround Letter explains, "Despite the recent run-up, still is selling at a 60% discount from its high of $60 a share back in 2006.

"Although it was founded in 1928 and is one of the oldest silver mines in the famed northern Idaho panhandle, it's been a money loser for years and heavily in debt.

Gold is up, silver is up, titanium is up, uranium is way up. What is up with Silver Standard Resources Inc. (NASDAQ: SSRI) that its 2Q 2007 earnings were not earnings at all, but in fact a $5 million (Canadian) loss? 2006 was not an especially good year for Silver Standard, yet in 2Q 2006 the company managed to show a $16.5 million (Canadian) profit. Losses for the first half of 2007 total $6.5 million (Canadian), with the bulk of that loss coming in the second quarter. In the first half of 2006, the company posted earnings of $15.4 million (Canadian). The company is currently digging itself into a deep hole.

Sometimes a company reveals move by what it does not say in a press release. That is the case with the 2Q 2007 earnings press release, which does not include a Management Discussion and Analysis section. The press release mistakenly refers to Financial Highlights for the quarter, of which there were none. Yet the company's balance sheet is still strong. Silver Standard has $230 million (Canadian) in working assets, plus inventory of silver bullion worth $10 million (Canadian) at current market values. The company carries NO long term debt, so it is not time for investors to run for the exits. Patient investors may yet be rewarded. Silver Standard is ramping up operations on a number of fronts in Argentina, Peru, Mexico, Canada and Nevada. All these early stage projects require huge outlays of capital before they produce significant returns on investment. If by mid-2008, Silver Standard cannot produce some better news for investors, then it might be time to measure the opportunity cost of continuing to hold on to this investment.

The stock closed at $34.50 (U.S.) today, down $1.50.