Comment Text:
To Whom It May Concern,
I believe it is important to reduce the limit in silver contracts trading to 1500 contracts. This would create a more realistic environment for a market of this size. 5000 contracts is the equivalent of 25 million ounces, which is greater than what can be mined by most producers. If such activity continues, great imbalances will inevitably occur between the supply of physical silver versus the activities within the paper market. Dropping the position limit from 5000 to 1500 contracts will surely help to ensure the long term integrity of this market as well as assist in creating the conditions for true price discovery and stability. Thank you.
Sincerely,
Mr. Noah Burns
