Comment Text:
I hope sense prevail at CFTC to end this silver manipulation which is now seeing historical backwardation. It will be interesting to see what CFTC here which is a fraud by few Banks and now gaining more acceptance around the world.
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.
- Vivek
