Group 1 - The Guotou Silver LOF fund announced a suspension of trading from January 30, 2026, until market close, with the possibility of applying for temporary suspension if the premium does not decrease by February 2, 2026 [1] - This marks the second all-day suspension for the Guotou Silver LOF fund, which was previously suspended on January 22 due to significant price fluctuations [3] - As of January 29, the fund's secondary market price was 5.247 yuan per share, reflecting a premium of 64.26% compared to the net value of 3.1944 yuan disclosed on January 28 [3] Group 2 - The fund manager stated that the Guotou Silver LOF is an open-ended fund, and investors can check the latest net asset value through the fund manager's website or trading systems [3] - The E Fund Gold Theme LOF also issued a premium risk warning, with a closing price of 2.248 yuan as of January 29, representing a premium of 14.5% over the net value of 1.9633 yuan on January 27 [3] - The announcement cautioned investors about the potential for significant losses from high premium purchases and indicated that the fund may apply for temporary suspension if the premium does not decrease [3]

（文章来源：21世纪经济报道） 1月29日盘后，国投白银LOF公告，本基金将于2026年1月30日开市起停牌至收市。若本基金2026年2月2 日二级市场交易价格溢价幅度未有效回落，本基金有权通过向深圳证券交易所申请盘中临时停牌、延长 停牌时间等措施，向市场警示风险，具体以届时公告为准。 值得注意的是，作为境内唯一主打白银期货投资的基金，国投白银LOF（161226.SZ）今日再度封死涨 停，场内价格报5.247元/股，单日成交额逾28亿元，实现停止申购后的连续两日涨停，目前基金的溢价 率高达64.26%，创下近期新高。 ...

Group 1 - Recent surge in gold and silver prices has triggered an investment frenzy, leading to two gold and silver-themed LOF products announcing purchase limits [1][4] - On January 28, E Fund announced the suspension of subscription and regular investment for its gold-themed LOF to ensure stable fund operations, with a total scale of 452 million yuan as of the end of 2025 [1][3] - The second LOF to suspend subscriptions is the Guotai Asset Silver LOF, which also announced a suspension effective January 28, citing the protection of fund shareholders' interests [4][9] Group 2 - Gold prices reached a historical high of over $5,200 per ounce on January 28, 2026, marking an increase of over $920 or more than 21% since the beginning of 2026, while silver futures prices surged over 60% [5][10] - The premium rate for Guotai Asset Silver LOF exceeded 46%, with significant price differences between market trading prices and net asset values, prompting multiple risk alerts [6][11] - The Shanghai Futures Exchange has implemented measures to cool down the market, including adjustments to trading limits for silver and tin futures, and restrictions on certain clients suspected of undisclosed control relationships [6][11]

Group 1 - E Fund has announced the suspension of subscription and regular investment for its Gold Theme Securities Investment Fund (LOF) starting January 28, 2026, while redemption services will continue as usual [2][4] - The suspension is aimed at ensuring the stable operation of the fund [4] - The fund has seen significant performance, with a rise of over 60% in 2025 and an increase of over 15% in 2026 year-to-date [5] Group 2 - The National Investment and Silver LOF has also suspended subscription services starting January 28, 2026, to protect the interests of fund shareholders and maintain stable operations [9][11] - The silver fund has experienced a high premium, with a closing price of 4.336 yuan and a daily increase of 3.66%, resulting in a premium rate exceeding 46.02% as of January 27 [11] - Both gold and silver prices have been on the rise, with gold futures increasing by over 17% and silver futures by 55% year-to-date [13]

Group 1 - The core viewpoint of the article is that both E Fund's Gold LOF and Guotai Junan's Silver LOF have announced the suspension of subscription and regular investment services to ensure stable fund operations amid rising prices of gold and silver [1][2][6][7]. Group 2 - E Fund's Gold LOF will suspend subscription and regular investment services starting January 28, 2026, while redemption services will continue as usual [2][4]. - The fund has experienced significant growth, with a rise of over 60% in 2025 and an additional increase of over 15% in 2026 [5]. - Guotai Junan's Silver LOF also announced a suspension of subscription services effective January 28, 2026, to protect the interests of fund shareholders [7][9]. - The silver fund's market price has surged, with a closing price of 4.336 yuan and a premium rate exceeding 46.02% as of January 27 [9]. Group 3 - As of January 27, gold prices reached approximately $5085 per ounce, while silver prices were around $110 per ounce, reflecting significant increases in both commodities [10]. - Year-to-date, international gold futures have risen over 17%, and silver has surged by 55% [11].

来源：中国基金报 1月26日，国投白银LOF发布公告称，为保护基金份额持有人利益，将于1月28日起暂停申购（含定期定 额投资）业务。同日公告显示，国投白银LOF将于1月27日开市起至当日10:30停牌，自1月27日10:30复 牌。 【导读】国投白银LOF将暂停申购 同日公告显示，国投白银LOF将于1月27日开市起至当日10:30停牌，自1月27日10:30复牌。 随着白银价格的一路狂飙，国投白银LOF持续受到资金青睐。截至去年四季度末，该基金管理规模达 189.44亿元，相较于三季度末增幅达185%。 国投白银LOF溢价率也持续高企。截至1月26日收盘，二级市场报4.183元，溢价率超53%。 国投瑞银基金在最新公告中表示，该基金二级市场交易价格明显高于基金份额净值，出现较大幅度溢 价。特此提示投资者关注二级市场交易价格溢价风险，投资者如果盲目投资于高溢价率的基金份额，可 能面临重大损失。 | 基金名称 | | 国投瑞银白银期货证券投资基金 | | --- | --- | --- | | | | (LOF) | | 基金简称 | | 国轻瑞银白糖油货(LOL) | | 基金主代码 | 161226 | | ...

Core Viewpoint - The Guotou Silver LOF has initiated an all-day suspension of trading due to a high premium rate exceeding 50%, reflecting excessive market optimism and speculative behavior among investors [1][4][8] Group 1: Trading Suspension - Guotou Silver LOF announced a trading suspension starting January 22 to protect investor interests, with the possibility of further measures if the premium does not decrease [2][4] - The fund has issued 14 premium risk alerts and 9 trading suspension/resumption announcements since the beginning of 2026, indicating a volatile trading environment [4][6] Group 2: Premium Rate and Market Behavior - As of January 21, the fund's market price was 3.92 yuan, corresponding to a net asset value of 2.6095 yuan, resulting in a premium rate of over 50% [4] - The fund's price has surged over 74% year-to-date, with extreme price fluctuations observed, including a rapid drop after a temporary suspension [4][8] Group 3: Fund Performance and Strategy - The fund's rapid growth in scale and net value is closely tied to global silver price trends, with a significant increase in fund shares from 5.322 billion to 9.36 billion, a rise of 75.87% [7] - The fund manager noted that factors such as U.S. economic conditions and silver's inclusion in the "critical mineral list" have contributed to the strong performance of silver prices [7] Group 4: Future Outlook - Analysts suggest that the current high premium is driven by strong market sentiment and may not be sustainable, with expectations for the premium to gradually decrease to a more rational level [8] - Continued geopolitical tensions and macroeconomic conditions may support silver's demand as a safe-haven asset, potentially stabilizing the fund's premium status [8]

Core Viewpoint - The recent trading activity of Guotou Silver LOF has shown significant price volatility and high premium rates, raising concerns about market sustainability and investor protection [1][3][4] Group 1: Trading Activity - Guotou Silver LOF was suspended for a full day on January 22 and resumed trading on January 23, where the price surged again, with a premium rate exceeding 60% at one point [1][3] - The trading price reached a high of 4.22 yuan before closing at 4.111 yuan, reflecting a price fluctuation of over 7% during the session [1] Group 2: Fund Details - The fund operates under a T+1 trading mechanism and primarily invests in silver futures, with a current scale of 8.96 billion yuan as of January 21 [3] - The fund has been suspended for one hour at the market opening for seven consecutive trading days leading up to January 22, indicating a strategy to manage market sentiment [4] Group 3: Market Analysis - The high premium observed is considered unsustainable and indicative of a potential bubble, with warnings that ordinary investors may suffer if the situation escalates [4] - The fund's price increase of over 70% this year significantly outpaces the performance of silver futures, suggesting a disconnect between the fund's market price and its underlying assets [4] - The recent surge in COMEX silver futures prices has contributed to the high premium of Guotou Silver LOF, but there are concerns that this premium may evaporate if market sentiment shifts [4]

（原标题：溢价率超50% 国投白银LOF今日全天停牌） 【导读】国投白银LOF基金宣布1月22日全天停牌 疯狂的白银基金宣布1月22日全天停牌。 1月21日，国投白银LOF基金公告称，将于1月22日开市起停牌至收市。 Wind数据显示，截至1月21日，国投白银LOF二级市场价格报收于3.92元，溢价率超50%。尽管该基金A 类份额已经限额每日100元，但在净值上涨及套利大军涌入的共同作用下，白银基金四季度末规模上涨 至189.44亿元，相比三季度末规模增长超185%。 国投白银LOF 溢价率超50% 投资者需注意相关风险 最近一段时间，伴随着国际银价飙升，国投白银LOF净值一路上涨，但在限额申购的情况下，国投白银 LOF场内溢价率高企。 为了压低二级市场溢价率，基金公司一度尝试小额放宽国投白银LOF的申购限额。 1月22日全天停牌 在溢价率未能有效回落的情况下，国投白银LOF祭出全天停牌的大招。 1月21日晚间，国投白银LOF基金（以下简称"本基金"）发布公告称，为保护投资者利益，本基金将于1 月22日开市起停牌至收市。若本基金1月23日二级市场交易价格溢价幅度未有效回落，本基金有权通过 向深交所申请盘中临时 ...

来源：中国基金报 【导读】国投白银LOF基金宣布1月22日全天停牌 中国基金报记者 若晖 疯狂的白银基金宣布1月22日全天停牌。 1月21日，国投白银LOF基金公告称，将于1月22日开市起停牌至收市。 Wind数据显示，截至1月21日，国投白银LOF二级市场价格报收于3.92元，溢价率超50%。尽管该基金A 类份额已经限额每日100元，但在净值上涨及套利大军涌入的共同作用下，白银基金四季度末规模上涨 至189.44亿元，相比三季度末规模增长超185%。 国投白银LOF 1月22日全天停牌 1月21日晚间，国投白银LOF基金（以下简称"本基金"）发布公告称，为保护投资者利益，本基金将于1 月22日开市起停牌至收市。若本基金1月23日二级市场交易价格溢价幅度未有效回落，本基金有权通过 向深交所申请盘中临时停牌、延长停牌时间等措施，向市场警示风险。 1月20日，本基金基金份额单位净值为2.6095元，截至1月21日，本基金二级市场的收盘价为3.920元，明 显高于基金份额净值，投资者如果盲目投资于高溢价率的基金份额，可能面临重大损失。 在溢价率未能有效回落的情况下，国投白银LOF祭出全天停牌的大招。 全天停牌消息一 ...