Silver tests $80 per ounce to hit one-month high

COMEX Silver futures hit a one-month high today, testing $80 per ounce as precious metals stayed well supported amid sustained weakness in the US dollar and a rise in debt levels. On MCX, Silver futures are quoting at Rs 254028 per kg, up 0.91% on the day. Global public debt is set to rise to alarming levels, with the International Monetary Fund warning that it could touch 100% of global GDP by 2029. In its latest Fiscal Monitor, the IMF flags a steady deterioration in public finances despite a resilient global economy. Debt levels climbed to nearly 94% of GDP in 2025 and are expected to continue rising, driven by persistent deficits, higher interest costs, and new geopolitical shocks. Interest payments have increased sharply, from about 2% to nearly 3% of global GDP in just four years, as governments refinance debt at higher rates. Gold stayed well supported around $4850 per ounce in Asia while the slackness in the US dollar boosted Copper too, keeping it above $6.10 per pound.

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