Silver short takes it in the shorts

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pmbug

pmbug

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TD Securities announced Thursday that it was stopped out of its tactical short silver position. The bank said it is booking a 14% loss after "an epic positioning squeeze contributed to a +25% rally from the October lows."

TD Securities was short silver as they expected rising U.S. interest rates combined with the growing threat of a recession would significantly weigh on the precious metal.
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www.kitco.com

Silver rally stops TD Securities out of tactical short

Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
www.kitco.com

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Yeah, but how much money did they make in the process?
 
I assume none if they are booking a 14% loss.
 
Ah, I misread the +25% rally... math, it's not for every body...
 
Portfolio repositioning for EOY.
 
I'll admit, I thought silbur was gonna take it on the chin a bit harder than it did as well. And am a bit surprised by this little thing we have going on ATM.
 
I tend to pay very little regard for paper spot price. At the end of the day, the price of silver is what I can expect to pay for a physical ounce at my local coin shop. Everything else is just noise.
 
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