Silver settled down -0.1% at 44369 as prices failed to hold on to highs after U. S. nonfarm payrolls rose only 113,000 last month after a meager 75,000 gain in December. Investors continue to regard recent mixed U. S. economic data and emerging-market turmoil as insufficient to derail the global recovery. The U. S. Labor Department reported earlier that the economy added 113,000 jobs in January, less than an expected 185,000 increase. December's figure was revised up to a 75,000 rise from a previously estimated 74,000 increase. The report also showed that 142,000 jobs were added in the U. S. private sector last month, compared to expectations for a 185,000 increase. In December, the number of jobs created in the private sector was revised up to 89,000 from a previously estimated 87,000. The U. S. unemployment rate ticked down to 6.6% last month from 6.7% in December. Analysts had expected the unemployment rate to remain unchanged in January. The numbers softened the dollar by stoking expectations that the Federal Reserve will taper its USD65 billion monthly bond-buying program gradually. The Fed decided to trim its bond purchases by another $10 billion as it stuck to a plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets. Prices seen supportive since the beginning of the year, though investors continue to regard recent mixed U. S. economic data and emerging-market turmoil as insufficient to derail the global recovery. Now Silver is getting support at 44120 and below same could see a test of 43870 level, And resistance is now likely to be seen at 44660, a move above could see prices testing 44950.

Trading Ideas:

Silver trading range for the day is 43870-44950.

Silver settled flat as prices failed to hold on to highs after U. S. nonfarm payrolls rose only 113,000 last month after a meager 75,000 gain in December.

Investors continue to regard recent mixed U. S. economic data and emerging-market turmoil as insufficient to derail the global recovery.

The U. S. Labor Department reported earlier that the economy added 113,000 jobs in January, less than an expected 185,000 increase.