Comment Text:
Fair and appropriate position limits in silver should be established promptly. Penalties for violating such limits should be published and promptly enforced against any and all parties who violate them, both directly and through intermediaries...
The current proposed limit of over 5,000 contracts in silver CANNOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER!
The correct contract limit amount should be proportionately equal to the average contract limit on all physical commodities traded on the COMEX. There is no valid reason why position limits should be permitted to vary greatly from one commodity to another.
