What happened Shares of silver and gold miner Endeavour Silver (NYSE: EXK) were higher by roughly 10.5% at 1 p.m. EDT on Monday. There wasn't any particular news out of the company today; however, there was some notable movement in the precious metals markets. So what Gold prices were up by roughly 1.5%, which is a material move for the barbarous metal. However, as is often the norm, the price of silver moved even more dramatically, up 4.5% or so. Given that Endeavour Silver's top and bottom lines are tied to the commodities it produces, its stock rose along with the metals. In fact, miners tend to be leveraged to commodity price moves given the nature of the mining business. Image source: Getty Images. Endeavour, meanwhile, is generally considered a silver miner, though it produces both gold and silver, like most precious metals miners. Having the word "silver" in its name, of course, helps in this regard, but silver did make up nearly 55% of its revenue in 2020 (gold was the remainder). That's a material number and helps explain why the stock is so sensitive to the movement of silver prices. Now what Long-term investors probably shouldn't look at Endeavour Silver as a way to play the price moves of silver or gold. It would be much more advisable to look at a miner like Endeavour as a diversification tool. And, in that regard, one day's ups or downs shouldn't be the driving force behind a buy or sell decision here. 10 stocks we like better than Endeavour SilverWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Endeavour Silver wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source