Silver price surge forces TD Securities to close short trade with $606,000 loss

Jan 15 (Reuters) - TD Securities said on Wednesday that it closed a short silver trade after prices hit its exit level at $93.15 an ounce, resulting in a loss of about $606,000.

Spot silver XAG= jumped about 6.7% on Wednesday to a record high of $93.57 an ounce, extending its rally after surging nearly 147% in 2025. GOL/

TD Securities did not immediately respond to a request for comment.

Strong gains in silver have been driven by robust investment demand, its inclusion on the U.S. critical minerals list prompting substantial outflows to stocks in the U.S., refining capacity bottlenecks, and persisting structural market deficit.