For December delivery, silver was rising 3.12% to $19.97 per ounce on the COMEX this afternoon.
The price of the metal was gaining as the dollar weakened on speculation that the Federal Reserve would not increase interest rates in September.
On Friday, the Labor Department reported that non-farm payroll employment increased by 151,000 in August, missing analysts' estimates for a rise of 181,000 and below July's growth of 275,000.
The data indicated that the economy may not be strong enough to support a rate hike this month, MarketWatch reports.
Silver prices typically struggle when interest rates are increased as investors seek assets that bear a yield. The metal has rallied as expectations for an interest hike this month decline.
Additionally, the dollar lost strength following the jobs report and maintained losses on Tuesday. A weaker dollar also bolstered silver prices today. The metal becomes cheaper and more attractive to foreign buyers when the greenback is lower.
Endeavor Silver is a Vancouver-based mining company with operations in Mexico and Chile.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D-.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow.
You can view the full analysis from the report here: EXK