Silver jumped to its highest since early 1980 on Tuesday on inflation concerns and a rise in ETF holdings to another record, while gold edged down as the euro held below this week's five-month high versus the dollar.
FUNDAMENTALS
* Spot silver rose as high as $38.72 an ounce and was quoted at $38.68 an ounce by 0046 GMT, up 26 cents. Gold eased 45 cents to $1,436.10 an ounce.
* U.S. gold futures for June rose $4.5 an ounce to $1,437.5 an ounce.
* IShares Silver Trust said its holdings rose to another record at 11,162.45 tonnes by April 4 from 11,139.52 tonnes on March 24.
* Analysts remain wary of silver's extreme volatility, which has led to some heart-stopping reversals in recent years. When commodities sold off heavily in mid-March, silver dropped nearly 5 percent in a single day, versus gold's 2 percent fall.
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