Comment Text:
Dear Chairman Gensler,
for years now I am very concerned with the fact that a few investors are manipulating the silver market by each of them being able to hold up to over 5000 contracts short or long at any given time. This limit amounts to 25 million ounces of silver which is way too big in light of the actual size of the global silver market.
I propose that the CFTC institute and enforce a ceiling of 1500 (onethousandfivehundred) contracts per individual investor/institution. This would allow the market forces to establish a much more realistic and balanced price of silver, prevent manipulation but still allow enough liquidity of the silver market. The CFTC would have to ensure that investors (including institutions) will not be able to circumvent this newly established ceiling by holding multiple positions under names different from their own.
Thank You for recognizing my deep concern. I am a small investor who wants fairness and reliability of the markets, in this case the silver market.
Sincerely, Ernst J. Soltermann, author and federal employee.
