Global silver prices dipped below $68 an ounce following a sharp halt to speculative trading in China.
The UBS SDIC Silver Futures Fund LOF plummeted by its 10% daily limit on June 14, 2026. This decline followed a 220% surge in the fund’s value throughout the year.
UBS SDIC Fund Management Co. previously restricted subscriptions to cool the market frenzy. The manager warned that gains were unsustainable and driven by speculation instead of industrial fundamentals.
The rapid sell-off ended a bull run that pushed spot silver to record highs days earlier. This unwinding in a major commodities market signals a significant demand-side shock to global investors.