Comment Text:
Dear Chairman Gensler and fellow Commissioners,
I strongly urge you to make a very significant adjustment in position limits as they pertain to silver contracts. It is evident from observation of market patterns and reactions over the past few years that the current 5000 contracts limit is entirely too high. The result has been trading patterns and market manipulations that are not logical, or beneficial to the overall integrity and security of the market for all participants.
I respectfully encourage you to reduce the total limit to not more that 1500 contracts in force at one time for any individual or entity.
Thank you for the opportunity to comment on this very important issue.
Sincerely,
John Manley
