TD Securities closes silver short in model‑portfolio update

Jan 15 (Reuters) - TD Securities on Wednesday said in a model portfolio update publication that it closed a short silver position after prices hit its exit level at $93.15 an ounce, resulting in a theoretical 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/

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.