Comment Text:
Dear Chairman Gensler and fellow Commissioners
As requested previously, we need to limit contracts to no more than 1,500 for any single speculator. The only exemptions that should be allowed should be for bona-fide hedgers, NOT the banks who are naked shorting the heck out of silver.
In summary: Please institute a 1500 contract (7.5 million ounce) position limit for silver.
No doubt you have noticed the increasing backwardation in silver. This situation will blow up the COMEX silver market if we don't implement position limits urgently.
Your sincerely
Calum Coburn
