Comment Text:
Dear Sirs at the CFTC,
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 won't solve the problem of manipulation in silver by banks like JP Morgan Chase and HSBC as well as others. 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.
Sincerely,
Bob Guignon
