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Physical Silver (SIVR) Trading Near $16.32 Resistance Level

Feb 07, 2018 ( via COMTEX) --

For a hedged play on Physical Silver (<a href="">SIVR</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Sep 21, 2018 $16 covered call for a net debit in the $15.08 area. That is also the break-even stock price for the covered call. This trade will return 6.10%, or 9.85% annualized (for comparison purposes only), in 226 days. This covered call also provides 6.79% downside protection. The current 52-week low is $14.92 and the 52-week high is $18.15. Physical Silver stock has been showing support around $16.10 and resistance in the $16.32 range. The stock closed Feb 6, 2018's trading session at $16.18.A

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