China suspended trading of five commodity funds on Friday to curb investment mania in gold, silver and oil and reduce underlying risks amid geopolitical tensions. The only public fund investing in silver futures in mainland China, UBS SDIC Silver Futures Fund, a listed open-ended fund (LOF), will be suspended for the whole day on Friday, the second such halt since January 22. The trading halt also spread to oil LOFs, four of which were halted for an hour up to 10.30am on Friday. Gold and silver have surged more than 22 per cent and 58 per cent, respectively, in the past 30 days. “China’s trading halt and alerts aim to maintain the stability of the capital markets, preventing investors from suffering huge losses.”