Resolution criteria

This market will resolve to YES if the daily settlement price of the active front-month Silver Futures contract (ticker: SI=F) on the COMEX is strictly below $50.00 per troy ounce on Friday, July 24, 2026. Otherwise, this market will resolve to NO.

The daily settlement price will be determined using official data published for Friday, July 24, 2026.

• Primary Source of Truth: CME Group Silver Futures Settlements

• Alternative Source of Truth: Yahoo Finance Silver Futures (SI=F) or CNBC Silver Futures closing price on Friday, July 24, 2026.

If for any reason trading is suspended on July 24, 2026, or official settlement data is unavailable, the market will resolve based on the last available spot price of silver on APMEX as of 5:00 PM ET on Friday, July 24, 2026.

Background

Following a period of high volatility in early 2026, precious metals have experienced significant corrections. By mid-July 2026, silver prices traded in the range of $55.00 to $57.00 per troy ounce. Ongoing macroeconomic factors, including Federal Reserve interest rate policy and geopolitical friction in the Middle East, have continued to weigh on the precious metals market, putting further downward pressure on silver prices.