TOTAL VOLUME:
$97.5b
24H VOL:
$262,573,226
24H TRANSACTIONS:
951,878,243
OPEN INTEREST:
$2,187,805,448
831,787
Markets across
15,132
events
MATCHED EVENTS:
964
PLATFORM COVERAGE:
5
Polymarket:
45%
VS.
Kalshi:
55%
Closed: Jul 17, 5:00 PM EST
Kalshi
This event tracks the silver spot price at a specific moment on July 17, 2026 at 5:00 PM EDT. Silver is a precious metal traded globally, and its price fluctuates based on supply, demand, industrial use, and investment sentiment. The settlement uses the closing price of a one-minute candlestick at the specified time.
Settlement is determined by the close price of the 1-minute candlestick for silver on July 17, 2026 at 5:00 PM EDT, with prices evaluated at successive thresholds ranging from $39.99 to $78.99 USD per troy ounce. The candlestick timestamped at a given time reflects the price at the end of the immediately preceding one-minute interval; for example, the 4:59 PM candlestick closes at 5:00:00 PM. All settlement values are rounded to the nearest 2 decimal places. If no data is published by the specified source agency for the exact time, the most recently available published data will be used for resolution. Each threshold represents a separate binary outcome, with resolution to Yes if the close price exceeds that specific level.
Prediction market odds often diverge from traditional analyst forecasts because they aggregate real-time trader conviction rather than point estimates from a single research team. While commodity analysts may publish silver price targets based on supply-demand models and macroeconomic scenarios, this market reflects the collective betting behavior of thousands of participants with direct financial incentive to be accurate. Analysts typically issue quarterly or annual reports; prediction markets update continuously. Over time, markets that outperform forecasts tend to do so when dispersed information—geopolitical disruptions, mining output surprises, or currency shifts—gets priced in faster than formal research cycles allow.
On Kalshi, this market is priced through a continuous order-book mechanism where traders buy and sell shares representing different price ranges or outcomes for silver on the specified date and time. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. The bid-ask spread reflects the market's uncertainty; tighter spreads indicate high confidence and liquidity, while wider spreads suggest disagreement or lower trading volume. Prices move in real time as new orders flow in, allowing participants to enter or exit positions at any point before the market closes. This dynamic pricing model ensures the odds always reflect the most current collective view of where silver will settle.
This market resolves around Jul 17, 2026, at which point the outcome is confirmed once the silver price for that specific date and time is verifiable from credible public sources. Traders who correctly predicted the price range or level receive their winnings, while incorrect positions expire worthless. The resolution process is automated once the official data becomes available, ensuring all participants see the same result simultaneously. Until that moment, the market remains open for trading, allowing participants to adjust their positions based on evolving market conditions and new information.
Major catalysts for this market include Federal Reserve policy decisions and inflation data, which directly influence precious metals demand as a hedge. Geopolitical tensions, mining disruptions, or supply chain shocks can tighten silver availability and push prices higher. Industrial demand signals from semiconductor and solar panel manufacturers matter significantly since silver is essential to both sectors. Currency movements, particularly US dollar strength, typically move commodities inversely. Economic recession fears or equity market volatility often drive investors toward safe-haven assets like silver. Traders monitor these factors continuously to adjust their positions ahead of the July 2026 settlement date.
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