Silver iShares's most recent trend suggests a bullish bias. One trading opportunity on Silver iShares is a Bull Put Spread using a strike $24.50 short put and a strike $19.50 long put offers a potential 5.04% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $24.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $19.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Silver iShares is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Silver iShares is bullish.
The RSI indicator is at 62.81 level which suggests that the stock is neither overbought nor oversold at this time.
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