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After the State Investment Silver Fund LOF stopped accepting subscriptions,
the secondary market surged directly to a new high of 5.2, hitting the limit up. Is this to protect retail investors or to push the funds from Alipay's regular investment in the silver fund into the secondary market to drive up prices?
Theoretically, when arbitrage is allowed, the premium should be leveled out. Now that the doors are closed, all the funds are concentrated in the secondary market, so it won't take long for the silver fund to reach 10 yuan. This is a carefully planned scheme by the big players.
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