TOTAL VOLUME:
$134.2b
24H VOL:
$126,324,530
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,434,646,834
406,019
Markets across
30,401
events
MATCHED EVENTS:
2,689
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Jun 16, 5:00 PM EST
Kalshi
This event group tracks whether silver (XAGUSD) price moves up or down on June 16, 2026. Kalshi offers 40 separate binary markets, each with a different price threshold at the 5:00 PM EDT close. Polymarket offers a single relative-change market comparing June 16's close to the prior trading day's close.
This market will resolve to "Up" if the Close price for Silver (XAGUSD) on June 16, 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 June 16, 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.
Settlement is determined by comparing the 1-minute candlestick close price for silver on June 16, 2026 at 5:00 PM EDT against multiple price thresholds ranging from $66.00 to $75.75 USD per troy ounce, each in $0.25 increments. The close price represents the final price at the end of the immediately preceding one-minute interval (e.g., 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 at the designated time, the most recently available published data will be used for resolution.
Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Each platform operates under distinct market-making rules, liquidity pools, and user bases, creating natural price discovery gaps. Kalshi's structured contract design and regulatory framework may attract institutional hedgers, while Polymarket's AMM-style mechanics draw retail traders and crypto-native participants. Arbitrage friction—withdrawal delays, fee structures, and platform-specific slippage—prevents instant convergence. Additionally, different user cohorts may hold divergent views on silver's macro drivers, leading one venue to price in inflation hedging demand more aggressively than the other.
Federal Reserve policy announcements and inflation data releases are primary catalysts—dovish signals typically boost precious metals, while hawkish surprises can pressure them. Industrial demand shifts, particularly in electronics and solar manufacturing, directly affect silver fundamentals. Geopolitical tensions, currency strength (especially USD weakness), and equity market selloffs often trigger safe-haven inflows into silver. Additionally, mining supply disruptions, central bank purchases, and shifts in investment fund positioning can create sharp repricing. Traders monitor these signals continuously, adjusting positions as new information emerges.