La Plata cuts initial profits, is maintained above the 50 -day EMA while a weak IPC of the US moderates the Fed hardening bets

• The XAG/USD deletes the previous profits after an increase of almost 2% during the Asian session on Tuesday.
• The US US CPI was softer than expected, reinforcing the expectations that the Fed will maintain a patient posture.
• The price proves the 50 -day EMA in $ 32.50, the formation of symmetrical triangle maintains the widest improper trend.

La Plata (XAG/USD) is above the 50 -day exponential mobile average (EMA) about 32.50 $ at the time of writing on Tuesday. However, white metal experienced a remarkable volatility, initially rising about 2% during the Asian session. Even so, the rally lost strength before the publication of the US Consumer Price Index (IPC), with the XAG/USD by retreating and erasing all intradic gains as the operators became cautious. Since then, the metal has found some stability after a weaker inflation fact than expected, reviving the hopes of an interest rate cut by the Federal Reserve (Fed) in the coming months.

According to the US Labor Statistics Office, the General CPI was reduced to 2.3% year -on -year in April, its lowest reading since February 2021 and slightly below the market forecast of 2.4%. In intermensual terms, the CPI rose 0.2%, recovering from a contraction of 0.1%in March, but still below the projected increase of 0.3%. Meanwhile, the underlying inflation remained stable at 2.8% annually, remaining at a minimum of four years.

The softer inflation impression will reduce the pressure on the Fed to maintain high interest rates and could rekindle the hopes of feat cuts, improving the feeling towards assets without performance such as silver.

Adding to favorable winds, markets are also digesting the implications of a reduction of 90 -day tariffs between the US and China. Under the agreement, both countries agreed to reduce tariffs to 30% and 10%, respectively, providing a temporary impulse to the appetite for risk. The US Treasury Secretary, Scott Besent, confirmed plans to meet with his Chinese counterparts in the coming weeks to explore the framework of a broader commercial agreement.

Technical analysis: silver is consolidated below the key resistance while the symmetrical triangle is narrow

The XAG/USD remains about $ 32.50 in Tuesday’s session, consolidating below a key line of descending trend around the 33.00 $ brand. The price action is compressing at the vertex of a symmetrical triangle in the daily chart, pointing out a possible breakout in any direction.

The 50 -day exponential (EMA) mobile average is 32.50 $, a level that has consistently acted as a strong dynamic support in recent sessions. The following downward support is at the psychological level of 32.00. A firm rupture below this area could trigger deeper losses towards the psychological region of $ 31.00, which aligns with the 200 -day EMA in 31.11 $, last visited in mid -April.

On the impulse side, the relative force index (RSI) in the daily graph is flat in 50.14, pointing out indecision and lack of impulse in any direction. In general terms, the PAR is still locked inside a symmetrical triangle pattern, suggesting that the operators are waiting for a fundamental catalyst to trigger the next breakout. A decisive movement above the descending trend line about $ 33.00 could feed the bullish impulse towards $ 34.00 and eventually $ 35.00.

However, the lack of rupture above resistance and a fall below $ 31.00 would cancel the bullish bias and invite a new sales pressure.