Silver jumps in Asia

Silver jumped to its highest since early 1980 on Tuesday on inflation concerns, a rise in ETF holdings to another record and growing industrial demand, helping gold defy pressure from a firming dollar against the euro. Silver, widely used in electronics manufacturing, rose as high as $38.77 an ounce and was quoted at $38.68 an ounce by 0624 GMT, up 26 cents. Gold added $1.20 to $1,437.75 an ounce - still below a lifetime high around $1,447 an ounce struck last in March.
Trading was slow, with financial markets closed in Hong Kong and mainland China.