国投白银LOF，两连跌停！

Core Viewpoint - The recent price drop of Guotou Ruijin Silver Futures (LOF) has attracted significant attention from investors due to its previous surge and the potential for arbitrage opportunities [2][4][11]. Group 1: Price Movement and Market Dynamics - On December 26, Guotou Ruijin Silver Futures (LOF) experienced a price drop, reaching the limit down after a one-hour suspension [1][2]. - The price increase since December has decreased from over 100% to approximately 65%, with the premium rate shrinking to below 30% [1][4]. - The continuous limit down over two days is attributed to concentrated market selling pressure and the release of significant arbitrage positions [5][12]. Group 2: Investor Behavior and Fund Characteristics - The scarcity of silver funds in the domestic market has led to increased demand for Guotou Ruijin Silver Futures (LOF), making it a focal point for investors seeking silver exposure [4][11]. - The A-share limit for the fund was temporarily raised to 500 yuan from December 22 to 28 to stimulate short-term arbitrage interest, although this was primarily aimed at stabilizing the premium [4][12]. - The net asset value (NAV) of the fund has risen to 1.9469 yuan, reflecting the upward trend in silver futures prices [5][13]. Group 3: Future Outlook and Adjustments - Starting December 29, the purchase limit for the A-class shares of Guotou Ruijin Silver Futures (LOF) will be reduced to 100 yuan, indicating a dynamic adjustment based on market conditions [6][14]. - Analysts suggest that the recent price corrections are a self-correcting mechanism for market distortions, and as market sentiment cools, prices may revert to NAV levels [5][13].