Spot silver just hit the $62.00/oz mark, now quoted at $62.00/oz, up 0.75% on the day; COMEX silver futures main contract is last quoted at $62.06/oz, down 0.02% on the day.

The latest forecast from the IMF shows that global public debt will exceed 100% of GDP by 2029, two years earlier than previously expected. The IMF Managing Director issued a rare warning, specifically naming the United States’ debt path as “unsustainable” and pointing out that fiscal consolidation in various countries is seriously lagging. What's even more dangerous is that persistent inflation may force the Federal Reserve to continue raising interest rates, increasing financing costs and creating a vicious cycle of "high debt—high interest rates—even higher debt."