This market centers on which price level silver will reach first $72 or $82 framing a directional race between two key thresholds. The question reflects expectations around short-term momentum and volatility in the silver market, which is influenced by industrial demand, inflation trends, interest rate expectations, U.S. dollar strength, and broader macroeconomic conditions. Traders are assessing whether bullish pressure will push silver toward higher resistance levels first, or whether price movements will reach the lower threshold before any sustained upward breakout, turning near-term price action into a clear, order-based outcome.

1. Market Outcomes and Resolution Criteria: This market applies to official settlement prices published from 00:00 UTC February 19, 2026 onward. It resolves to “YES” if the official CME settlement price of the Active Month Silver (SI) futures contract is equal to or greater than $72.00 USD on any eligible trading day on or before 00:00 UTC February 28, 2026, and this occurs before the settlement price reaches $82.00 USD. It resolves to “NO” if $82.00 USD is reached first, or if neither $72.00 nor $82.00 is reached within this defined period. There is no TIE outcome in this market.
2. Definition of “Hit” and Price Metric: A level is considered “hit” only if the official daily settlement price published by CME Group for the Active Month contract is equal to or greater than the stated threshold. Intraday highs, lows, last trades, bid/ask quotes, midpoint values, or indicative prices do not count.
3. Active Month Definition and Roll Handling: The “Active Month” refers to the nearest designated delivery-cycle month that is not the spot month, as defined by CME. If the contract rolls at any time during the evaluation period beginning 00:00 UTC February 19, 2026, the next eligible contract automatically becomes the Active Month for purposes of these rules, and determinations are made using the contract qualifying on each specific settlement day.
4. Determining “First” and Same-Day Handling: The first level reached is determined by comparing the earliest trading day on which the settlement price meets or exceeds a threshold. If both $72.00 and $82.00 are met or exceeded for the first time on the same trading day via settlement price, the market resolves to the higher threshold ($82.00) for purposes of determining which occurred first. Under no circumstances will the market resolve as a tie.
5. Authoritative Source and Data Finality: Resolution is based exclusively on official settlement prices published by CME Group. Settlement prices are considered final as first published for the relevant trading day; later corrections or revisions do not alter the outcome unless the original value is formally withdrawn by CME before resolution.
6. Non-Trading Days and Deadline: Only days for which CME publishes an official settlement price are considered; weekends and holidays without settlement publication are ignored. If neither level is reached on or before 00:00 UTC February 28, 2026, the market resolves to “NO.”