Resolves YES if credible industry or government reports indicate that more than 5% of the global silver production is disrupted due to violence in Mexico's key mining regions such as Zacatecas and Durango on April 1, 2026. Resolution will rely on data from mining industry publications, Mexican government announcements, or international commodity monitoring agencies. Given Mexico's significant role in global silver supply, disruptions above this threshold could materially impact silver availability and prices. Disruptions must be directly attributable to violence-related operational halts or safety shutdowns, not unrelated production 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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