Options vs Futures and Force Majeure

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    Two Questions:

    1) When I buy Silver Options on IG Markets, the final ticket and position says "Futures" not Options. Is this an error? Same goes for Gold, but not any of the other Options products.

    2) If Silver ran to $100 in 4 weeks, for example, do you reckon that would be fast enough for the Comex and/or IG Markets to declare Force Majeure and cancel all contracts? In 2022, IG Markets declared Force Majeure for Nickel, but it rose 240% in 2 days.
 
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