The SDIC Silver LOF plummeted by 31.5%, setting a record, amid valuation adjustment disputes. The fund suspended trading for one hour today, reopening at 10:30 a.m. By midday, over 100 million yuan had been traded in just one hour. Who is purchasing these shares, and why?
When the Silver Fund was open for subscription earlier, many investors participated aiming to profit from arbitrage opportunities, treating it as a chance for small gains—enough to cover a meal or a drink. However, this week, the fund has hit limit-down for multiple consecutive days, yet daily trading volumes have reached hundreds of millions or even billions of yuan. Observers are puzzled by the rationale behind these purchases, as the investment logic of the buyers remains unclear.
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