PANews December 25 News, Guotou Silver LOF announced that trading will be suspended from market opening on December 26 until 10:30, and will resume trading at 10:30. The current subscription limit for Class A shares of this fund is 500 yuan. The fund manager stated that the subscription limit will be adjusted and warned that the high premium rate in the secondary market is unsustainable, and investors should be cautious of risks.
Recently, silver prices have continued to surge, with London Silver closing at $71.81 per ounce on the 24th, an increase of over 140% year-to-date. Guotou Silver LOF has hit the daily limit for three consecutive days, with a premium rate as high as 68.19%, and a year-to-date increase of 254.9%. Additionally, commodity LOFs, resource LOFs, and other funds have also hit the daily limit, but many fund companies have issued high premium risk warnings and announced temporary suspensions.
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