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Powershares DB Silver (DBS) Trading Near $24.35 Support Level

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Powershares DB Silver (<a href="http://www.marketintelligencecenter.com/symbol/DBS">DBS</a>) could yield about 4.98% (8.08% annualized, for comparison purposes only) in 225 days. Pair a long position in the stock with the Jul 20, 2018 $24 call for a net debit of about $22.85. This position also has 6.54% downside protection. Powershares DB Silver closed at $24.45 Dec 6, 2017. Technical indicators for DBS are bearish and support and resistance have been about $24.35 and $24.59, respectively.A

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