Comment Text:
Dear Chairman Gensler and fellow Commissioners:
I urge you to approve the staff’s proposal on position limits, including limiting exemptions to bona fide hedgers.
I would ask you, however, to readjust the proposed formula in silver.
Please institute a 1500 contract (7.5 million ounce) position limit for silver to prevent large speculators from having an inordinately controlling pricing power over the market.
Respectfully submitted,
Jon Hartz
