TOTAL VOLUME:
$134.1b
24H VOL:
$113,466,932
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,423,222,590
402,751
Markets across
30,217
events
MATCHED EVENTS:
2,632
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jul 7, 5:00 PM EST
Polymarket
This market will resolve to "Up" if the Close price for Silver (XAGUSD) on July 7, 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 7, 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 7, 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 7, 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 incorporate real-time trader positioning and financial incentives. While commodity analysts may publish directional views based on macroeconomic data, geopolitical risk, and technical charts, this market aggregates the actual capital commitments of hundreds of traders betting on silver's movement. Prediction markets tend to update faster than consensus analyst reports and can reflect breaking news or shifting sentiment within hours. Comparing the odds here to published analyst calls on silver can reveal where the market is pricing in tail risks or opportunities that traditional research may have missed.
On Polymarket, traders buy and sell shares representing each outcome—silver up or silver down—and the price of each share reflects the probability assigned by the market. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Shares are priced between 0 and 100 cents, where a price of 75 cents means the market is assigning a 75% probability to that outcome. As traders place orders, the order book shifts, moving prices up or down based on supply and demand. The current mid-price across both outcomes always sums to 100 cents, ensuring internal consistency and allowing participants to enter or exit positions at transparent, market-determined rates.
This market resolves around Jul 7, 2026, once the silver price movement for that date is verifiable from credible public sources. The outcome is determined by whether the XAGUSD spot price closes above or below its opening level on July 7. Traders holding shares in the winning outcome receive their payout, while losing shares expire worthless. Resolution typically occurs within hours of market close, pending confirmation from established financial data providers.
Silver prices are sensitive to shifts in real interest rates, US dollar strength, inflation expectations, and industrial demand. Major catalysts include Federal Reserve policy announcements, employment data, and geopolitical developments affecting safe-haven demand. Mining supply disruptions or changes in investment flows into precious metals ETFs can also drive sharp moves. Technical levels and options expiry dates may create clustering around key price points. Traders in this market will react quickly to any of these signals, repricing odds as new information emerges closer to July 7.