Resolves YES if credible industry or government reports indicate that more than 15% of the global silver production is disrupted due to violence in Mexico's key silver-mining states such as Zacatecas and Durango on April 1, 2026. Resolution will rely on data from mining industry reports, Mexican government announcements, or authoritative market analyses published around that date. This threshold matters because Mexico is a major silver producer, and disruptions exceeding 15% of global output could significantly impact silver supply and prices. Disruptions counted include halted or severely reduced mining operations directly attributable to violence, excluding unrelated operational issues.

Violence in Mexico's core silver-mining region, including Zacatecas and Durango, could disrupt a significant portion of global silver supply. This poses substantial risks to silver availability and could drive up market prices.

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