Silver trading range for the day is 41432-43318.Silver prices gained as an improving China signals a better global economy and gives support to the more industrial metals.The preliminary report from US showed that the consumer sentiment index dropped to 95.7 in February from the final January reading of 98.5.U.S. import prices rose more than expected in January, while initial jobless claims dropped unexpectedly last week to the lowest in nearly 43 years.

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Silver  was up 1.5 % at $17.91 an ounce, after tapping $17.99, the highest since Nov. 11. Palladium  rose 1.6 % to $782, after rising to $786.40, the highest since Jan. 25. 

silver and palladium are up on the day as an improving China signals a better global economy and gives support to the more industrial metals of the group," said aid Miguel Perez-Santalla, vice president of Heraeus Metal Management in New York.