Comment Text:
Fair and appropriate position limits in silver should be no more than 1,500 contracts or 7.5M ounces. The current proposed limit of over 5,000 contracts will not solve the problem of price manipulation in the silver market.
The international standing of the US markets, and COMEX in particular, requires that you start the process of reigning in the manipulations that have distorted markets for so long. COMEX is losing its credibility as the price-discovery venue for silver. You have the power to reverse that process.
