Precious metals experienced a broad decline at the opening on February 10th. Spot gold briefly fell below $5000 per ounce. By 7:30, losses had narrowed, with gold down 0.85% for the day. Spot silver dropped more than 2%, trading at $81.6 per ounce.

SDIC Silver LOF announced on February 9th that, to protect investors' interests, the fund would be suspended from the market open on February 10, 2026, until 10:30 that same day, with trading resuming at 10:30. The notice stated that if the premium of the fund's secondary market trading price on February 10, 2026, does not decrease effectively, the fund reserves the right to apply to the Shenzhen Stock Exchange for intraday temporary trading halts or extended suspension periods to highlight risks to the market, with specifics to be detailed in subsequent announcements.

In a previous discussion about popular investment varieties, Liu Rui, Vice President and Chief Investment Officer of BlackRock CCB Wealth Management, noted that gold still holds long-term allocation value. He pointed out that from a long-term perspective, the rationale for allocating to gold remains solid, with structural support coming from trends like deglobalization, a weaker US dollar, and continued buying by global central banks. These driving factors, emerging from phased global developments, are largely irreversible. However, he also cautioned that investors should be wary of high volatility caused by crowded trades in the short term.