China's only pure silver fund halts new Class C inflows after 60% market premium

On Friday, UBS SDIC Silver Futures Fund LOF announced it will stop taking new subscriptions into its Class C shares from Monday after the market price climbed more than 60% above the value of the silver futures it holds. The shutdown follows weeks of retail-driven speculation in China, fueled by social media guides that helped push silver-related products and other precious metals toward record levels. The manager warned that the extreme premium and rapid gains had become unstable, leaving investors exposed to sharp losses if prices reverse.