Resolves YES if credible industry or government reports indicate that more than 10% of the global silver production is disrupted due to violence in Mexico's key mining states such as Zacatecas and Durango on May 1, 2026. Resolution will rely on data from mining industry reports, Mexican government announcements, or reputable commodity market analyses published around the settlement date. 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 mine closures; unrelated production issues do not count.

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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