Did you read the ZH article HONU posted? Read all the part under the short squeeze portion. The way it reads to me is if you're buying SLV it forces movement of physical silver to the SLV vaults. Of course, this is mostly the physical silver they don't have and just claim to have. <br /> <br /> When you read that part carefully it explains how the squeeze works with the naked shorters. I don't see anything about cash settlements, but being that SLV is "paper" silver you can obviously sell it when you want to take a paper profit. I think what's important to know is that when someone purchases SLV it requires that there be physical silver backing it and the shorters know that's not the case.