Forex Price Action - Silver Holds Above Dynamic Resistance | Oct. 25th

price action spreads dynamic resistance 2ndskiesforex.com oct 25th

Silver
As noted two days ago, Silver was showing reducing price action spreads which suggested to me it was bottoming out around $31.50.  That is exactly what happened, and has now broken above the dynamic resistance, holding above it for the last 12hrs.  If the $32 level and dynamic support can hold, then an attack on $32.50 should be next up, and clearing this opens the door for $33.00.

Short term traders can look for possible sells at $32.47 or $33.00 on corrective weakness, while aggressive bulls can buy at $32.00, or corrective pullbacks into $31.50.

For those wanting to learn to trade price action, access to the traders forum, lifetime membership & more, visit my Price Action Course page 

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