China Silver Fund Plunges After String of Moves to Quell Frenzy
The value of China’s only pure-play silver fund plunged by its maximum daily limit of 10% on Thursday, ending a frenzied bull run that had prompted its manager to issue a rare series of warnings. The abrupt decline in the UBS SDIC Silver Futures Fund LOF follows weeks of gains – flagged as “unsustainable” by…