Core Viewpoint - Precious metals futures have strengthened, with silver futures on the Shanghai market reaching a historical high of over 18,000 yuan per kilogram, reflecting an increase of nearly 5% [2] Group 1: Market Developments - The Guotai Asset Management announced a limit on the investment amount for its silver fund, reducing the regular investment cap to 100 yuan starting December 29, while suspending subscriptions for Class C shares [2] - Previously, the investment limit was raised to 500 yuan to guide arbitrage funds in stabilizing premiums [2] Group 2: Fund Performance and Risks - The Guotai silver LOF fund will suspend trading from 10:30 AM on December 26, warning of significant premium risks in the secondary market [2] - As of December 25, the fund's secondary market closing price was 2.804 yuan, which is 45% higher than the net asset value of 1.9278 yuan on December 24 [2] Group 3: Regulatory Constraints - Experts suggest that the investment limit is not intended to create scarcity but is a response to the physical limits of the fund's capacity due to trading restrictions and public fund regulations against high leverage [2] - If subscriptions were allowed to increase, new funds would be unable to purchase corresponding silver futures, leading to significant tracking errors and potential breaches of contract for holders and regulators [2]
沪银夜盘突破18000元/千克、创历史新高 国投白银LOF再出手：限购100元！
Sou Hu Cai Jing·2025-12-25 22:09