Comment Text:
Dear Chairman Gensler and fellow Commissioners:
As a private investor who invests in stocks, bonds and commodities like gold and silver, I find the ongoing silver manipulation scheme quite distressing.
A position limit of 1000 to 2000 derivative contracts seems reasonable to me, but 5000 contracts would be excessivly high in my opinion. 5000 contracts equates to 25,000,000 ounces of silver and it makes no sense for any speculator to be long or short that amount at anytime. The physical market is much too small for that.
Again I would prefer a position limit of 1000 - 2000 derivative contracts. Thanks for having the open for
Best Regards,
David Havis
