TOTAL VOLUME:
$134.1b
24H VOL:
$141,541,542
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,440,096,988
406,065
Markets across
30,522
events
MATCHED EVENTS:
2,692
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 1, 5:00 PM EST
Polymarket
This market will resolve to "Up" if the Close price for Silver (XAGUSD) on July 1, 2026 is higher than the Close price for Silver (XAGUSD) on the most recent prior trading day. This market will resolve to "Down" if the Close price for Silver (XAGUSD) on July 1, 2026 is lower than the Close price for Silver (XAGUSD) on the most recent prior trading day. E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless Friday were not a trading day under the applicable trading-hours schedule, in which case it would refer to the next most recent prior trading day. If the two specified closing prices are exactly equal, this market will resolve 50-50. Closing prices will be used exactly as published by Pyth, without rounding. If Silver (XAGUSD) does not trade at all during the relevant trading session, the market will resolve 50-50. Trading days will be determined according to the applicable trading-hours schedule as listed on Pyth. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours trading-hours as listed on Pyth. If a listed date is not a trading day under the applicable trading-hours schedule as listed on Pyth, this market will resolve 50-50. For each trading day, the closing price refers to the Pyth "Close" value of the 1-minute candle timestamped 4:59 PM ET on that date. If either of the relevant days has no valid Pyth Close value for the 1-minute candle timestamped 4:59 PM ET, the market will use the last valid Pyth price achieved prior to 4:59 PM ET during that trading day as the effective closing price. If no valid Pyth price exists for that trading day due to a system outage, data failure, or other technical disruption, the closing price for that day may be determined using the official daily close price of the CME COMEX Silver Futures (SI) futures contract for that trading day. Only prices achieved during the applicable trading session will be considered. In the event of a contract specification change, feed change, or similar structural modification affecting the market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth. The resolution source for this market will be Pyth, specifically the "Close" values for the relevant 1-minute candle available at https://pythdata.app/explore/Metal.XAG%2FUSD. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
This market will resolve to "Up" if the Close price for Silver (XAGUSD) on July 1, 2026 is higher than the Close price for Silver (XAGUSD) on the most recent prior trading day. This market will resolve to "Down" if the Close price for Silver (XAGUSD) on July 1, 2026 is lower than the Close price for Silver (XAGUSD) on the most recent prior trading day. E.g., ordinarily, a market on Monday would refer to the previous Friday for its most recent closing price, unless Friday were not a trading day under the applicable trading-hours schedule, in which case it would refer to the next most recent prior trading day. If the two specified closing prices are exactly equal, this market will resolve 50-50. Closing prices will be used exactly as published by Pyth, without rounding. If Silver (XAGUSD) does not trade at all during the relevant trading session, the market will resolve 50-50. Trading days will be determined according to the applicable trading-hours schedule as listed on Pyth. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours trading-hours as listed on Pyth. If a listed date is not a trading day under the applicable trading-hours schedule as listed on Pyth, this market will resolve 50-50. For each trading day, the closing price refers to the Pyth "Close" value of the 1-minute candle timestamped 4:59 PM ET on that date. If either of the relevant days has no valid Pyth Close value for the 1-minute candle timestamped 4:59 PM ET, the market will use the last valid Pyth price achieved prior to 4:59 PM ET during that trading day as the effective closing price. If no valid Pyth price exists for that trading day due to a system outage, data failure, or other technical disruption, the closing price for that day may be determined using the official daily close price of the CME COMEX Silver Futures (SI) futures contract for that trading day. Only prices achieved during the applicable trading session will be considered. In the event of a contract specification change, feed change, or similar structural modification affecting the market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth. The resolution source for this market will be Pyth, specifically the "Close" values for the relevant 1-minute candle available at https://pythdata.app/explore/Metal.XAG%2FUSD. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Prediction market odds often diverge from traditional analyst forecasts because they reflect real-money incentives and continuous price discovery rather than periodic published reports. While commodity analysts may issue quarterly or monthly outlooks on silver trends, this market aggregates live trader conviction into a single probability. Analysts typically focus on longer-term supply and demand fundamentals, whereas prediction markets react rapidly to breaking news, Fed policy shifts, and intraday volatility. Comparing the two can reveal whether the crowd is pricing in risks that mainstream forecasters have overlooked or underweighted.
On Polymarket, traders buy and sell shares representing each outcome—silver up or silver down—and the market price of each share directly reflects the implied probability. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more capital flows into one outcome, its price rises and the opposing outcome's price falls, ensuring the two probabilities sum to 100 percent. The continuous order book allows you to enter or exit positions at any time before the market closes, and spreads between bid and ask reflect real-time liquidity and disagreement among participants about the likely direction.
This market resolves around Jul 1, 2026, once the silver price movement for that date is verifiable from credible public reporting. The outcome is determined by comparing the opening and closing price of silver on July 1, with the winning side determined by whether the net movement is positive or negative. Resolution occurs after market close and official price data are published, ensuring all traders have access to the same verified information before payouts are finalized.
Key catalysts include Federal Reserve policy announcements, inflation data, and currency strength—a weaker dollar typically boosts silver prices. Geopolitical tensions, industrial demand shifts, and mining supply disruptions can also drive significant moves. Central bank precious-metals purchases or sales, equity market volatility, and real interest rate expectations are closely watched by traders. Economic reports on employment and manufacturing activity may trigger repricing as they influence both inflation expectations and safe-haven demand, making the days and hours leading up to July 1 particularly sensitive to macroeconomic surprises.