白银再创历史新高！

Core Viewpoint - The price of silver has surged, reaching a historical high of $73.422 per ounce, with significant increases in related assets like palladium [2][4]. Group 1: Market Performance - As of December 26, spot silver opened high and increased by 2%, marking a new record [2]. - The National Investment UBS Silver LOF fund has seen its price rise over 100% in just 22 trading days, with an annual increase exceeding 250%, significantly outpacing the monthly and yearly gains of silver futures [13]. Group 2: Fund Management and Adjustments - The National Investment UBS Silver LOF fund announced a restriction on regular investment amounts to 100.00 yuan starting December 29 [5]. - The fund has made multiple adjustments to its investment limits, with the latest being a reduction to 500 yuan for A-class shares and 1000 yuan for C-class shares [9]. Group 3: Premium and Arbitrage Opportunities - On December 24, the fund's closing price was 3.116 yuan, reflecting a premium of 68.19% over the net value of 1.8527 yuan on December 23 [14]. - The high premium has led to a surge in arbitrage trading, where investors can buy at lower net values and sell at higher market prices, capitalizing on the price difference [15]. Group 4: Risk Warnings and Market Reactions - The fund's management has issued multiple warnings regarding the risks associated with high premium rates, indicating potential for significant losses if the market does not stabilize [16]. - Other fund companies have also issued risk alerts to investors about the high premiums in the market, advising caution in trading [16].