Thanks for the link but I think it was a little inconclusive except for this paragraph from one of the links.
http://www.cmegroup.com/rulebook/NYMEX/1a/112.pdf
"Delivery of Silver
(d) The receiver shall not be required to accept any tender varying more than 6% above or below 5,000 troy ounces."
This says to me that the reciever can agree to a payment of different tender or delivery of physical Silver at their discretion....Or have I got this wrong??
cheers
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