Warding

Warding is a suffix that can appear on Magic and Rare Items. It provides a small magic damage reduction bonus.

It doesn't start spawning on items until Item Level 7.

"Magic Damage" in this case is Fire, Cold, and Magic Damage (Bone Spells from Oblivion Knights).

Stats
Can appear on: Magic Items, Rare Items Is available on: Amulets, Body Armor, Circlets, Orbs, Rings, Shields