Why Silver (SILVER) rose 1.19%
Silver (SILVER) rose 1.19% on September 12, 2026 — CFTC silver perps approval expands access.
What happened
Kalshi launched perpetual futures (perps) for gold and silver following CFTC approval, expanding its derivatives offerings and lowering barriers to entry for retail precious metals traders.
Why it moved
Precious metals have stalled as stronger U.S. data pushes real yields higher and lifts the dollar, eroding the inflation-hedge and central-bank-demand thesis — but new trading access can boost retail participation and…
Why it matters
The Precious Metals theme is losing conviction as rate expectations rise and the dollar firms, but Kalshi's perps lower friction and attract retail flow — this democratization can offset some institutional selling…
What would break the thesis
If the perps product fails to attract meaningful volume or faces further regulatory constraints, the structural headwind from rising real yields will reassert itself — also watch whether perp leverage attracts retail at…