Silver settled up 0.45% at 45048 as market remained in the range for entire day as strong U. S. jobs data and record highs on Wall Street dent the precious metal's safe-haven appeal. The market weakened a bit after the ADP national employment report for June came in at up 281,000, which beat most market expectations.

The stronger ADP jobs report sets the table for an upbeat reading for the Labor Department's employment report Thursday. The non-farm payroll employment figure of that report is forecast to come in at up 215,000 in June. The positive data spelled trouble for gold's recent rally, which has seen prices rise 6% from last month's lows after the Federal Reserve said it would keep rates at rock-bottom levels for as long as possible. A strong U. S. economy could force the Fed to reconsider its pledge and raise rates sooner than expected, hurting gold, which yields nothing and costs money to hold. An upsurge of violence in Iraq and Ukraine have also buoyed the metal, as some traders gravitate to gold in times of economic and political uncertainty, believing it will hold its value as other assets fall.

This year as the Federal Reserve said it will keep interest rates low for a considerable time after ending bond purchases, while unrest in Iraq and Ukraine spurred demand for a haven. The central bank trimmed purchases for a fifth consecutive time, to $35 billion, at its June meeting. Technically market is under fresh buying as market has witnessed gain in open interest by 0.13% to settled at 7782, now Silver is getting support at 44867 and below same could see a test of 44687 level, And resistance is now likely to be seen at 45203, a move above could see prices testing 45359.

Silver trading range for the day is 44687-45359.

Silver remained in range as strong U. S. jobs data and record highs on Wall Street dent the precious metal's safe-haven appeal.

Market weakened a bit after the ADP national employment report for June came in at up 281,000, which beat most market expectations.

The Federal Reserve said it would keep rates at rock-bottom levels for as long as possible.

A strong U. S. economy could force the Fed to reconsider its pledge and raise rates sooner than expected, hurting bullion prices.

SELL SILVER SEPT @ 45200 SL 45380 TGT 44840-44580.MCX