# Guotou Silver LOF (161226)

Gen‑Z Caught in the Silver Storm: How a record precious‑metals swing turned a trendy fund into a classroom for retail investors

A historic surge and collapse in gold and silver prices at the end of January exposed fragile market mechanics and left many Chinese retail investors—particularly Gen‑Z—caught in volatile trades around Guotou Silver LOF (161226). The shock combined stretched valuations, elevated implied volatility, regulatory curbs and a hawkish shift in U.S. monetary policy to produce a rapid deleveraging in precious metals.