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SAN FRANCISCO (MarketWatch) -- Silver futures topped $30 an ounce, trading at this level for the first time since the 1980s as precious metals rallied Monday on ongoing concerns about Europe's debt woes and talk the U.S. Federal Reserve may provide additional monetary easing. Silver for March delivery surged 74 cents, or 2.5%, to $30 an ounce on the Comex division of the New York Mercantile Exchange. It earlier traded as high as $30.09 an ounce.