Silver settled down -0.15% at 43546 despite of international gain's as rupee rallied snapping a five-session losing streak, as an upgrade by Fitch Ratings. Fitch returned India's sovereign ratings outlook to "stable" from "negative" a year after its initial downgrade, citing government measures to contain the budget deficit and the progress made in improving investment and economic growth. Silver lost nearly 1% this week after the BoJ made no changes to its monetary easing policy and refrained from implementing measures to ease volatility in the government bond market at the conclusion of its latest policy meeting. Speculation over whether the Fed will begin to unwind its easing program in the coming months continued to rattle investors. Moves in the silver price this year have largely tracked shifting expectations as to whether the US central bank would end its bond-buying program sooner-than-expected. Meanwhile physical buying has remained relatively strong despite Chinese holidays as they celebrate the Dragon Boat holiday. Still, Silver prices remain well under the important 45000 level as continued gains in US equities and expectations that the Fed will curtail its bond purchases curbed investor appetite for haven assets. The easy money program had been a pillar of support for bullion prices, as investors flocked to the store of value assets in search of a hedge against the perceived risk of higher inflation. Now getting support at 43211 and below same could see a test of 42877 level, And resistance is now likely to be seen at 43834, a move above could see prices testing 44123.

Trading Ideas:

Silver trading range for the day is 43548-44712.

Silver traded between losses & gains as the dollar slipped and as global equity markets stabilized after the previous day's volatility.

Speculation over whether the Federal Reserve will begin to unwind its easing program in the coming months continued to rattle investors.

Traders will now turn their attention to retail sales and weekly jobless claims data from the U. S.