Silver settled up 0.19% at 44922 while market was traded in the range but sentiments improved as weaker-than-expected U.S. economic data bolstered the case for a slower rollback of the Federal Reserve’s bond-buying program. Retail sales fell in January, marking the second straight monthly decline.  The dollar index tumbled 0.5 percent after U.S. retail sales fell unexpectedly in January and the number of Americans filing new claims for unemployment benefits rose last week, in the latest signs of slowing economic growth. Recent U.S. economic data, including two straight months of weak jobs growth, have raised questions over whether the world's biggest economy can sustain growth and made some investors hope the Fed would take a slower approach to tapering its bond purchases. Asian markets came off three-week highs on Thursday, breaking a five-session winning streak that had been built on signs that the global economy was strengthening, and relief that the U.S. Federal Reserve would maintain its policy stance. The central bank's new chairwoman, Janet Yellen, said earlier this week she would not make any abrupt changes to the Fed's commitment to gradually rein in monetary stimulus. Some investors were also hoping that recent weak jobs data would prompt the Fed to take a slower approach to tapering its monthly bond purchases. Technically market is under fresh buying as market has witnessed gain in open interest by 2.11% to settled at 12296 while prices up 83 rupee, now Silver is getting support at 44696 and below same could see a test of 44471 level, And resistance is now likely to be seen at 45068, a move above could see prices testing 45215.

Trading Ideas:

Silver trading range for the day is 44471-45215.

Silver gained as support seen from a sharply lower dollar and weaker equity markets.

Recent U.S. economic data, including two straight months of weak jobs growth, have raised questions over whether the world's biggest economy can sustain growth

Core retail sales, which exclude automobile sales, were unchanged last month, compared to forecasts for a 0.1% increase.