TD Securities Took a $606,000 Beating—Because They Misread the Signs Let’s cut right to it: TD Securities shorted silver at $78/oz thinking it would drop. Instead, it shot up over 19% in just one week, peaking at $93.70/oz, triggering their stop-loss and leaving them with a $606,000 loss. According to the Silver Institute’s 2024 World Silver Survey, the global silver market is running a structural supply deficit of more than 180 million ounces, one of the largest on record, driven by industrial demand and declining mine output. That kind of imbalance doesn’t produce “irrational momentum”—it produces violent repricing, and this move is a clear silver market warning sign for anyone still betting on paper-driven price suppression. That’s their second loss…
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