Comment Text:
Dear CFTC Commissioners,
I have traded positions in silver for 12 years now and I am totally convinced of massive manipulation of this market by several large players. The only way to realistically control this manipulation in any reasonable way is to instill position limits of 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.
Sincerely,
Paul Svornich
