Comment Text:
Please institute a 1500 contract (7.5 million ounce) position limit for silver. The exchange is the primary price discovery mechanism and concentrated positions in excess of this amount simply allows the price to be manipulated for gains rather than to allow for needed hedging activities. You have ample evidence of this occurring. This manipulation actually discourages legitimate hedging by suppliers and consumers, an activity which should be protected by our regulators.
Respectfully submitted,
G Travis Whitehead
