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Physical Silver (SIVR) Trading Near $16.23 Resistance Level

Aug 09, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Physical Silver (<a href="http://www.marketintelligencecenter.com/symbol/SIVR">SIVR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $16 covered call for a net debit in the $14.95 area. That is also the break-even stock price for the covered call. This trade will return 6.95%, or 11.58% annualized (for comparison purposes only), in 219 days. This covered call also provides 6.84% downside protection. The current 52-week low is $14.92 and the 52-week high is $19.91. Physical Silver stock has been showing support around $15.79 and resistance in the $16.23 range. The stock closed Aug 8, 2017's trading session at $16.05.A

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