Comment Text:
C'mon people - please do the right thing and bring this silver market into line. These proposed position limits of 5000 are a joke and need to be dramatically reduced for there to be a viable market. Please see comments below:
Fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces. The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,500 contract limit is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX
