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Powershares DB Silver (DBS) Showing Bearish Technicals With Support At $26.01

Jan 10, 2018 ( via COMTEX) --

For a hedged play on Powershares DB Silver (<a href="">DBS</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $26 covered call for a net debit in the $24.66 area. That is also the break-even stock price for the covered call. This trade will return 5.43%, or 10.38% annualized (for comparison purposes only), in 191 days. This covered call also provides 5.37% downside protection. The current 52-week low is $23.50 and the 52-week high is $28.85. Powershares DB Silver stock has been showing support around $26.01 and resistance in the $26.09 range. The stock closed Jan 9, 2018's trading session at $26.05.A

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