Resolution criteria on PolyGram: This market will resolve to "Up" if the Close price for Silver (XAGUSD) on May 12, 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 May 12, 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.
PolyGram is an on-chain prediction market where you trade YES or NO outcome shares with real USDC on Polygon. For this market, buy YES if you believe the event will happen, or NO if you think it won't. Your maximum loss is your stake — winning shares pay $1.00 each at resolution. Unlike sportsbooks, there is no house edge: prices are set by supply and demand from other traders and reflect the crowd's real-time probability.
Market outcomes
| Silver (XAGUSD) Up or Down on May 12? | 57% YES | 43% NO |
Silver futures will close on 12 May 2026, and this market resolves based on whether that closing price exceeds the prior trading day's close. The current order book on Polymarket reflects a 55% implied probability for an up move, suggesting traders view a daily gain as slightly more likely than a decline. This probability is formed through real-time trading activity across the platform's order book, where participants continuously adjust positions based on their expectations of intraday volatility and directional bias.
Daily directional moves in silver are historically volatile, with the metal frequently posting 1–2% swings within single sessions depending on broader commodity sentiment and US dollar strength. Over the past five years, silver has exhibited roughly balanced probabilities for daily up and down closes, though periods of macroeconomic uncertainty or Federal Reserve policy shifts have skewed these distributions. The current 55% YES probability sits close to the neutral midpoint, indicating the market perceives no strong directional conviction for 12 May specifically.
Traders should monitor US economic data releases scheduled for early May 2026, particularly inflation reports and labour statistics, which historically drive precious metals volatility. Currency movements—especially dollar weakness—tend to support silver gains, whilst equity market rallies often pressure prices downward. Geopolitical developments and central bank commentary on interest rates remain key catalysts. The settlement window closes at 21:00 UTC on 12 May, allowing traders to react to the full trading session before final resolution.
This market settles from the official outcome published at https://pythdata.app/explore/Metal.XAG%2FUSD. A proposer submits the final result to the UMA optimistic oracle on Polygon; the two-hour dispute window closes and payouts clear in USDC.
The mechanics for trading "Silver (XAGUSD) Up or Down on May 12?" are the same as any other PolyGram event contract. Each YES share resolves to $1 if the event happens, or $0 if it doesn't. The current price between 0¢ and 100¢ is the market's probability estimate, set live by the order book.
$54 in lifetime turnover and $3K of resting liquidity puts this market in the below the median by volume for finance contracts on PolyGram. Order-book depth is thin — large orders may need to be split across the book or executed as limit orders.
Last 24 hours alone saw $54 in turnover, well above the lifetime daily-average for this market — a clear sign of news catalysing trader activity right now.
The market has been open for under a month — fresh enough that information asymmetry remains a real factor.
Higher-volume markets tend to have tighter spreads and faster price discovery — meaning the displayed YES/NO percentages are more likely to reflect the true crowd-implied probability rather than a single trader's directional view.
As of today, traders on Polymarket price this outcome at 57%. The number updates continuously as the order book clears. PolyGram mirrors the same live odds with locale-aware formatting and USDC settlement.
Resolution is sourced from https://pythdata.app/explore/Metal.XAG%2FUSD. Settlement is executed by the UMA optimistic oracle on Polygon, with a 2-hour dispute window before payouts clear.
This prediction market is scheduled to close on 12 May 2026. After the resolving event occurs, settlement typically clears within 24 hours once the UMA optimistic oracle confirms the outcome. All payouts are in USDC on the Polygon network.
To trade on this prediction market, create a free PolyGram account at polygram.ink, deposit USDC via Polygon, and place a YES or NO order on the outcome you believe in. You can learn more on our how-it-works page. Your maximum loss is limited to your stake — there is no leverage or margin.
When the outcome is determined, winning YES shares pay out $1.00 each in USDC, while losing shares pay $0. Settlement is handled by the UMA optimistic oracle on Polygon — a proposer submits the result, a two-hour dispute window opens, and if uncontested, payouts are distributed automatically. You can withdraw your winnings to any Polygon wallet.
Prediction-market positions can lose 100% of staked capital. Outcomes are uncertain by definition — historical accuracy of crowd-implied probabilities is high in aggregate but not for any single market. PolyGram does not provide investment advice. Trade only with capital you can afford to lose.
Regulatory status varies by jurisdiction. Germany, the United States, and most EU countries treat Polymarket-style event contracts under one of three frameworks: financial derivative, gambling product, or unregulated novel asset. Consult local counsel before trading.
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