China halts trading in 5 silver and oil funds amid volatility
6 Articles
6 Articles
Gold-silver market shock raises serious questions on financial imbalances
MARKET observers are suggesting the $5.9 TRILLION gold and silver market wipeout overnight Thursday is signalling a systemic failure. The “flash crash” happened within 30 minutes. But other observers disagree. “To put that in perspective, we just saw wealth equivalent to the combined GDP of the UK and France evaporate in less time than it […] The post Gold-silver market shock raises serious questions on financial imbalances appeared first on cai…
China halts trading in 5 silver and oil funds to limit risk amid volatility
China suspended trading of five commodity funds on Friday to curb investment mania in gold, silver and oil and reduce underlying risks amid geopolitical tensions. The only public fund investing in silver futures in mainland China, UBS SDIC Silver Futures Fund, a listed open-ended fund (LOF), will…
It’s like the GBTC premium, but in Chinese silver
Amid a speculative frenzy in silver, the Shenzen-traded UBS SDIC Silver Futures Fund LOF has repeatedly halted trading, warned of an “unsustainable premium” in its share price, and paused primary-market subscriptions to limit cash inflows. It has also warned that if the premium doesn’t effectively retreat by February 2, the State Development Investment Corporation (SDIC) will apply for additional trading suspensions. Year to date, the fund is up…
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