Group 1 - The core point of the news is that Guotou Ruijin Silver Futures Securities Investment Fund (LOF) announced the suspension of subscription for Class C shares starting December 29, 2025, to protect the interests of fund shareholders [1] - The A class shares of Guotou Silver LOF will be suspended from trading on December 29, 2025, from the market opening until 10:30 AM, and will resume trading after that time [1] - The fund has been experiencing significant demand due to the recent surge in silver prices, making it the only public LOF fund primarily investing in silver futures in China [1] Group 2 - The fund has frequently warned investors about risks, having temporarily suspended trading 10 times recently, and has increased subscription restrictions [1] - On December 25 and 26, the fund experienced two consecutive days of temporary trading suspension, with a sharp decline in price upon resumption, indicating a concentrated release of high premium bubble risks [1] - Despite the continuous price drop, the premium rate of the fund remains close to 30% [1] Group 3 - Industry insiders have indicated that the secondary market trading prices are driven by market sentiment, and the high premium levels are not sustainable [2] - Investors are advised to be cautious of premium risks and to avoid blindly chasing prices in the secondary market to prevent significant losses due to potential premium corrections [2] - The underlying asset price volatility, particularly the recent significant increase in silver prices, also poses a risk of potential corrections [2]