Comment Text:
Dear Chairman Gensler and fellow Commissioners:
As you are aware most if not all commodities with the exception of silver have position limits related to their overall annual production. The ongoing manipulation of silver by major banks and speculators that are permitted to short endless contracts is detrimental to the silver market, silver mining companies and investors.
Please institute a 1500 contract (7.5 million ounce) position limit for silver. This will aid in regulating the paper silver market so it will correlate with the known quantities of the actual physical silver available.
Thank you for your assistance with this matter.
Sincerely,
Kenneth Revelle
