{"id":391960,"date":"2025-05-13T21:19:50","date_gmt":"2025-05-13T15:49:50","guid":{"rendered":"https:\/\/dripp.zone\/news\/silver-trims-early-gains-holds-above-50-day-ema-as-weak-us-cpi-tempers-fed-tightening-bets-crypto-news\/"},"modified":"2025-05-13T22:22:39","modified_gmt":"2025-05-13T16:52:39","slug":"silver-trims-early-gains-holds-above-50-day-ema-as-weak-us-cpi-tempers-fed-tightening-bets-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/silver-trims-early-gains-holds-above-50-day-ema-as-weak-us-cpi-tempers-fed-tightening-bets-crypto-news\/","title":{"rendered":"Silver trims early gains, holds above 50-day EMA as weak US CPI tempers Fed tightening bets &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul class=\"\">\n<li value=\"1\" class=\"\"><b><strong>XAG\/USD erases earlier gains after surging nearly 2% during the Asian session on Tuesday.<\/strong><\/b><\/li>\n<li value=\"2\" class=\"\"><b><strong>April US CPI came in softer than expected, reinforcing expectations that the Fed will maintain a patient stance.<\/strong><\/b><\/li>\n<li value=\"3\" class=\"\"><b><strong>Price tests 50-day EMA at $32.50, symmetrical triangle formation keeps the broader trend indecisive.<\/strong><\/b><\/li>\n<\/ul>\n<p><span>Silver (XAG\/USD) is hovering above the 50-day Exponential Moving Average (EMA) near $32.50 at the time of writing on Tuesday. However, the white metal experienced notable volatility, initially rallying close to 2% during the Asian session. Still, the rally lost steam ahead of the US Consumer Price Index (CPI) release, with XAG\/USD retreating and paring all intraday gains as traders grew cautious. The metal has since found some stability following a weaker-than-expected inflation print, reviving hopes for an interest rate cut by the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Federal Reserve<\/a> (Fed) in the coming months.<\/span><\/p>\n<p><span>According to the US Bureau of Labor Statistics, headline CPI eased to 2.3% year-over-year in April \u2013 its lowest reading since February 2021 and slightly below the 2.4% market forecast. On a month-over-month basis, CPI rose 0.2%, recovering from a 0.1% contraction in March but still under the projected 0.3% increase. Meanwhile, core inflation held steady at 2.8% annually, staying at a four-year low.<\/span><\/p>\n<p><span>The softer inflation print will reduce pressure on the Fed to keep interest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\">rates<\/a> elevated and could revive hopes of rate cuts, improving sentiment toward non-yielding assets like silver.<\/span><\/p>\n<p><span>Adding to the tailwinds, markets are also digesting the implications of a 90-day tariff rollback between the US and China. Under the agreement, both countries agreed to reduce tariffs to 30% and 10%, respectively, providing a temporary lift to risk appetite. US Treasury Secretary Scott Bessent confirmed plans to meet with Chinese counterparts in the coming weeks to explore the framework for a broader trade agreement.<\/span><\/p>\n<p><b><strong>Technical analysis: Silver consolidates below key resistance as symmetrical triangle tightens<\/strong><\/b><\/p>\n<p><span>XAG\/USD is holding near $32.50 in Tuesday&#8217;s session, consolidating beneath a key descending trendline resistance around the $33.00 mark. The price action is compressing into the apex of a symmetrical triangle on the daily chart, signaling a potential breakout in either direction.<\/span><\/p>\n<p><span>The 50-day Exponential Moving Average (EMA) stands at $32.50, a level that has consistently acted as strong dynamic support in recent sessions. The next downside support lies at the $32.00 psychological level. A firm break below this zone could trigger deeper losses toward the $31.00 psychological region, which aligns with the 200-day EMA at $31.11 \u2013 last visited in mid-April.<\/span><\/p>\n<p><span>On the momentum side, the Relative Strength Index (RSI) on the daily chart is flat at 50.14, signaling indecision and a lack of momentum in either direction. Broadly, the pair remains locked within a symmetrical triangle pattern, suggesting traders are awaiting a fundamental catalyst to trigger the next breakout. A decisive move above the descending trendline near $33.00 could fuel bullish momentum toward $34.00 and eventually $35.00.<\/span><\/p>\n<p><span>However, failure to break above resistance and a drop below $31.00 would negate the bullish bias and invite fresh selling pressure.<\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XAG\/USD erases earlier gains after surging nearly 2% during the Asian session on Tuesday. April US CPI came in softer than expected, reinforcing expectations that the Fed will maintain a patient stance. Price tests 50-day EMA at $32.50, symmetrical triangle formation keeps the broader trend indecisive. Silver (XAG\/USD) is hovering above the 50-day Exponential Moving [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":373057,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,842,257,255,388,250,350,252,247,253,249,671,256,254],"class_list":["post-391960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-gta","tag-inflation","tag-looks-rare","tag-metals","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-silver","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391960"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391960\/revisions"}],"predecessor-version":[{"id":391962,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391960\/revisions\/391962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/373057"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}