Comment Text:
Dear Chairman Gensler and CFTC Commissioners,
The proposed contract limit of COMEX Silver is too high to prevent manipulation.
This amount, 25 million ounces of silver, is greater than the amount annually transacted
by 99% of all world producers and consumers. This is unlike any other commodity.
An appropriate contract limit for COMEX Silver positions would need to be much lower,
1500 contracts. The goal of the new regulatory legislation is to promote free market price discovery and prevent price manipulation. Do your job and immediately implement new
limits for COMEX Silver of 1500 contracts to ensure legitimate trading in silver futures.
Sincerely,
Curtis Caughey
