Endeavour (AMEX:EXK), Alexco (AMEX:AXU), Silver Standard Resources(NASDAQ:SSRI), Hecla (NYSE:HL), Coeur d'Alene Mines (NYSE:CDE) Shoot Up with Silver Prices

Silver and gold investors have been waiting on the sidelines for the inevitable rebound in silver and gold prices, and poured their money into companies like Endeavour Silver (AMEX:EXK), Alexco Resource (AMEX:AXU), Silver Standard Resources (NASDAQ:SSRI), Hecla (NYSE:HL) and Coeur d'Alene Mines (NYSE:CDE) on Tuesday in reponse to prices moving up, as inflation in China caused them to raise interest rates again.

That didn't have any meaningful impact on investors, as China is still operating in a negative interest rate environment even with the boost.

Silver for March delivery soared by $92.8 cents, or 3.2 percent, closing at $30.27 an ounce. April gold rose $15.90 to settle at $1,364.10 an ounce.

Endeavour Silver closed Tuesday at $7.01, up $0.19, or 2.79 percent. Alexco Resource ended the day at $7.67, gaining $0.38, or 5.21 percent. Silver Standard Resources closed at $24.71, up $0.62, or 2.57 percent. Hecla Mining closed at $9.82, rising $0.17, or 1.76 percent. Coeur d'Alene Mines ended the session at $25.80, increasing by $1.07, or 4.33 percent.