Comment Text:
Regulators have an important and timely responsibility to restore confidence in the system.
Please, for the sake of all of us, allow fair and reasonable price discovery and regulate to prevent manipulation.
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.
Okay?
Thank you.
