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Physical Silver (SIVR) Trading Near $16.11 Support Level

May 14, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Physical Silver (<a href="http://www.marketintelligencecenter.com/symbol/SIVR">SIVR</a>). Look at the Dec 21, 2018 $16 covered call for a net debit in the $15.08 area.<br /> <br /> This trade has a duration of 221 days. The break-even point of this trade is the same as the net debit, which gives this trade 7.08% downside protection. If the stock closes at or above $16 at expiration this trade will return 6.03% or 9.93% (for comparison purposes only). <br /> <br /> SIVR closed May 11, 2018's trading session at $16.23. In the past year, the stock has hit a 52-week low of $14.92 and 52-week high of $17.70. Physical Silver stock has been showing support around $16.11 and resistance in the $16.45 range. Recent technical indicators for the stock are bearish.

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