Comment Text:
Dear CFTC:
In regards to position limits for the silver market, take consideration of a total position limit of 1,100 contracts. Based on the physical annual market size of the silver market, this limit is in line with worldwide production. It is unfortunate the CFTC has not responded to the mandates of the Frank-Dodd reform bill in the time constraints that were placed on the CFTC by the bill. Let the end result be good by implementing a position limit that prevents manipulation, excessive speculation and possibly prevention of failed banks or investors that has over speculated in the silver market. This can be accomplished by installing a reasonable position limit of 1,100 contracts.
E-Signed Kirk Myers
