Comment Text:
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 - quite the contrary - it will encourage manipulation! The 1,500 contract limit in silver is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX. It is highly problematic that silver should have such a high position limit when the silver market is much smaller than that of other commodities including gold and thus can be easily manipulated with more than 1,500 contracts. Thank you.
