Comment Text:
Dear Sirs:
There has been way too much interference with the silver market by certain big players, artificially keeping prices totally out of realistic market ranges. The CFTC and the Comex were never designed to facilitate market manipulation, but with the existing rules, that has become the case.
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.
Again, please limit position quantities to 1,500 or less to begin to allow something a bit closer to market reality.
Thank you!
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