Comment Text:
Fair and appropriate position limits in silver should be less than or equal to 1,500 contracts or 7.5M ounces. The current proposed limit of over 5,000 contracts is too high for silver and both leaves the market open to manipulation, such as is currently occuring, and also leaves the manipulators open to extreme losses as the silver supply tightens. A less than or equal to 1,500 contract limit is the appropriate and is greater than any other current concentration in physical commodities traded on the COMEX.
