Trading in a major China-listed silver fund was halted for a full session on January 30 as regulators moved to contain price distortions, while global silver prices fell sharply from record highs amid elevated volatility and tighter derivatives margin requirements.

China’s Shenzhen Stock Exchange suspended trading for the entire day on January 30 in the UBS SDIC Silver Futures Fund LOF, according to an official fund announcement. The notice stated that trading would be halted from the market open through the close as part of exchange risk-control measures.

Chinese financial media reported that the halt followed sustained abnormal trading conditions, with the fund’s secondary-market price diverging materially from its net asset value. Coverage described the suspension as a regulatory response to excessive premiums and repeated risk warnings rather than a change in the underlying structure of the fund.

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To quote Jan Baltensweiler of VON GREYERZ:

“Anyone who still believes all their wealth is safe inside the banking system has learned nothing. The situation described by GoldFix over the last 48 hours makes one thing painfully clear: when the system wobbles, your money is no longer under your control. Wealth preserved outside the system is not paranoia. It is prudence.”

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