That is an excellent question. I don't know if we can ever find out what premium the traders took to settle for cash as it is probably done under the table. The premium will depend on how desperate the Comex is to avoid default. For example if there are 25K contracts outstanding and the Comex only has 15K contracts worth of silver then they could maybe command a $3 premium. If the Comex is only a few K short on contracts then the premium might be smaller. I am only guessing. Someone should ask a trader. Dan Norcini might have an answer or Harvey Organ. Harvey usually answers questions - I will try him tonight.