Comment Text:
Dear Chairman Gensler and fellow Commissioners:
I am an individual investor concerned about manipulation of the silver market, and I believe that position limits are necessary so as to protect a free market and avoid distortion. I understand that the Commission is considering a proposal to establish 5000 contracts as a position limit. In my opinion, this is much too high and would give speculators far too much dominance in the silver market--which the whole idea of position limits is meant to avoid. My view is that a position limit of 1500 contracts (7.5 million ounces) is a more appropriate position limit for silver.
Accordingly, please institute a 1500 contract position limit for silver.
