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<p>[QUOTE=&quot;Cloudsweeper99, post: 1179298, member: 3011&quot;]My understanding is that if you purchase one silver futures contract on the long side for delivery on a specific date, and notifiy the exchange that you intend to take delivery and pay the associated warehouse and insurance fees, then someone has to deliver the 5 1000 ounce physical good for delivery bars.&nbsp; They can&#039;t come along with the cash equivalent and walk away no harm no foul.&nbsp; It&#039;s a zero sum game.&nbsp; Some players will buy offsetting contracts to close their positions, but if someone is holding their contract at the delivery date, then another party is obligated to deliver.&nbsp; Perhaps you are thinking of interest rate futures where settlement is routinely in cash.</p><p><br /></p><p><a href="http://www.investopedia.com/terms/d/default2.asp" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.investopedia.com/terms/d/default2.asp" rel="nofollow">http://www.investopedia.com/terms/d/default2.asp</a>[/QUOTE]</p><p><br /></p>

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