Silver hit a 30-year high boosted by demand for alternative assets.

<P> European market Tuesday, the silver price surged to 30-year high, due to currency devaluation and the euro zone surrounding the debt crisis worries prompted investors to seek the spread of other alternative assets. .</ P> <P> 1324 GMT, spot silver $ 30.650 an ounce, compared with the previous trading day up 1.7%, hitting its highest level since 1980. .</ P> <P> German commercial banks (Commerzbank) in a daily report to clients that now seems unstoppable rally in silver, silver prices have been easy to break the resistance barrier 30 dollars an ounce. .</ P> <P> London investment bank FairfaxI.S. JohnMeyer analyst, said value investors seek alternative investments demand is high, and industrial demand continue to rise, giving a boost the price of silver. .</ P> <P> large holdings of silver exchange-traded funds also constitutes a support rally in silver prices, the world's largest silver exchange traded fund holdings increase iSharesSilverTrust Monday, 38 tons of silver. .</ P>.