Comment Text:
Dear Chairman Gensler and fellow Commissioners:
Please institute a 1500 contract (7.5 million ounce) position limit for silver.
The proposed position limit for silver comes out way too high, over 5,000 contracts. It’s too high because it gives speculators too much dominance over real world producers and consumers. 5,000 contracts is the equivalent of 25 million ounces of silver.
Respectfully submitted,
Wes Smith
