Comment Text:
Dear Chairman Gensler and fellow Commissioners:
I urge you to approve the staff’s proposal on position limits, including limiting exemptions to bona fide hedgers. However, I believe that a position limit of over 5,000 contracts is too high as 5,000 contracts is the equivalent of 25 million ounces of silver. Please institute a 1500 contract (7.5 million ounce) position limit for silver.
Sincerely
Robert ILICIC