February 18, 2011 / 3:25 PM / 9 years ago

US silver rises above $32/oz for first time since 1980

NEW YORK, Feb 18 (Reuters) - U.S. silver futures climbed above $32 an ounce on Friday for the first time since 1980 as economic optimism stoked strong physical demand for the white metal, traders said.

U.S. March silver futures SIH1 were up 46 cents, or 1.5 percent, at $32.03 an ounce by 10:16 a.m. EST (1516 GMT) on the COMEX division of the NYMEX after peaking at a 31-year high of $32.11. (Reporting by Frank Tang; Editing by John Picinich)

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