La Plata remains firm above $ 32.00 while the US dollar weakens, focus on the rupture of $ 33.00

• The XAG/USD bounces at $ 32.50 on Tuesday after standing firm above the key support of 32.00 $.
• The DXY reaches a new weekly minimum after the reduction of Moody’s and growing tax concerns in the US.
• The price is maintained around the 21 -day exponential (EMA) mobile average while a symmetrical triangle pattern narrows, pointing out a possible short -term breakout.

La Plata (XAG/USD) is quoted up to $ 32,60 on Tuesday, recovering from minimum intradic about 32.13 $ as the metal recovers traction after two consecutive days of losses. Although it seems to be consolidating, the rebound is supported by a weaker US dollar (USD) and a constant demand for investors by industrial metals, even when the decrease in geopolitical tensions improves the general confidence of investors.

The demand for sure La Plata refuge had weakened in recent sessions in the midst of geopolitical de -escalated signals and an improvement in the feeling of global risk. Reports that Russia and Ukraine are exploring high -fire conversations have driven market optimism, while a temporary truce in tariffs between the US and China has further relieved global commercial tensions. Even so, silver continues to find long -term support for robust industrial demand. The projections of the Silver Institute indicate that industrial use will exceed 700 million ounces in 2025, driven by the growing demand for electric vehicles, solar and electronic panels.

Meanwhile, the US dollar index (DXY) goes back near the 100.00 mark, marking a new weekly minimum on Tuesday, since the feeling weakened after the moody’s reduction of the US credit rating of the US to AA1. The movement was driven by the growing concerns about the increasing government debt and an expanding budget deficit. Fiscal perspectives have revived optimism among bond investors and pressed to the dollar, offering some relief to raw materials called in US dollars such as silver.

Technically, silver is consolidating within a symmetrical triangle pattern, with the action of the price compressing between the horizontal support near the psychological level of 32.00 $ and the resistance of the descending trend line from the maximum of April. The 21 -day exponential (EMA) mobile average at $ 32.56 acts as an immediate upward resistance, followed by the level of $ 33.00 near the maximum of the previous week. The relative force index (RSI) is around the neutral level of 50, while the MACD lines show early signs of an upward crossing.

A decisive movement above $ 33.00 would confirm a breakout, opening the door to the 34.00 $ resistance zone. Downwards, a sustained pressure below $ 32.00 could expose the region of $ 31.30.75 $.