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 8, 5:00 PM EST
Polymarket
This market will resolve to "Up" if the Close price for Silver (XAGUSD) on July 8, 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 8, 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 8, 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 8, 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 and traditional analyst forecasts operate on different methodologies. Analysts typically issue directional calls based on fundamental analysis, technical patterns, and macroeconomic models, while this market aggregates real-money bets from traders with skin in the game. Prediction markets often reflect faster price discovery because participants face direct financial consequences for incorrect predictions. Comparing the odds here to published analyst sentiment on silver can reveal whether the market is pricing in more bullish or bearish conviction than the consensus view, offering a useful cross-check on positioning ahead of the resolution date.
On Polymarket, this market is priced through an automated market maker that converts trader buy and sell orders into real-time probabilities for each outcome. On Polymarket, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. Traders purchase shares representing either an up or down close, and the price of each share reflects the crowd's estimated likelihood of that outcome occurring. As new trades flow in, the odds adjust dynamically. The market's price discovery is continuous and transparent, allowing participants to enter or exit positions at any time before the market closes, with final settlement determined once the event outcome becomes verifiable.
This market resolves around Jul 8, 2026, at which point the outcome is confirmed based on the closing price of XAGUSD on that date. The result is verified against credible public sources to determine whether silver closed higher or lower relative to the opening level. Once the event is verifiable from authoritative market data, the market settles and winning positions are credited. Traders holding shares of the correct outcome receive their payout, while incorrect positions expire worthless. The exact settlement time may vary slightly depending on data availability and platform processing.
Silver prices typically respond to shifts in real interest rates, US dollar strength, and broader risk sentiment. Unexpected inflation data, Federal Reserve communications, or changes in safe-haven demand can trigger sharp moves. Geopolitical tensions, industrial demand surprises, or shifts in investment flows toward or away from precious metals may also influence the outcome. Technical levels and options expiry dynamics can amplify intraday volatility. Traders monitoring this market should watch macroeconomic calendars, central bank commentary, and equity market momentum, as these often correlate with silver's directional bias on any given trading day.