Comment Text:
Dear Commissioners,
You are aware of the gross manipulation in the silver market. I have suffered financially because of this.
I am not a big bank or hedge fund I am however a US citizen and taxpayer and have trusted you would protect a small party like myself as you were enacted to do.
Years ago protocols were enacted to limit the long side of the trade while the short side was left unrestricted. This has lead to a less than level playing field. Why would I or anyone else for that matter continue to invest in the free market system unless this is addressed. Already we are leaving by droves to other markets abroad.
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.
Please hear our voice while we still exist.
Thank you.
