Silver pared gains to settle flat amid doubts over President Trump's economic policies while weaker than expected economic data supported upside momentum. U. S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers. With the U. S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year and continue work on a plan to gradually trim its massive balance sheet, Dallas Federal Reserve Bank President Robert Kaplan said. A report released by the Conference Board showed that its index of leading U. S. economic indicators climbed to its highest level in over a decade in February. The Conference Board said its leading economic index rose by 0.6 percent in February, matching the increases seen in the two previous months. The index had been expected to rise by 0.4 percent. Britain's economy looks set to defy a slowdown again this year as the country moves closer to leaving the European Union, with the hit to shoppers from surging inflation partly offset by more investment and exports, a Bank of England report suggested. Financial markets' immediate focus is on whether Trump can gather enough support at a vote later in the day to pass a bill to rollback Obamacare, a first major test of his legislative ability. Trump and House of Representatives leaders were pushing for votes for their plan to overhaul Obamacare and said they were making progress in their efforts to win over conservative Republicans who have demanded changes to the legislation. Now Silver is getting support at 41082 and below same could see a test of 40930 level, And resistance is now likely to be seen at 41367, a move above could see prices testing 41500.

Trading Ideas:

# Silver trading range for the day is 40930-41500.

# Silver pared gains to settle flat amid doubts over President Trump's economic policies while weaker than expected economic data supported upside momentum.

# The National Association of Realtors said existing home sales declined 3.7% to a seasonally adjusted annual rate of 5.48 million units last month.

# A lack of concrete policy from the Trump administration is increasing bullion’s attraction as a safe-haven investment.