Comment Text:
I feel that there should be a firm limit of 1500 contracts of any kind in Silver futures or derivitives. The sole exception to this rule should be for bonified producers or users that have a need for more to hedge their production or usage. This limit is more than the annual amount produced or used by all but a handful of of enities. Without these limits, concentration of large positions facilitate manuplation of the market. I feel that we have had manuplation of the Silver market to the short side for years and that the major reason that it could happen is the ability to hold unlimited non-hedge politions. 1500 contracts in Silver is 7,500,000 ounces which should be enough for one speculator to have to add liquidity and price discovery to the market.
