Comment Text:
Dear Chairman Gensler and fellow Commissioners:
5000 silver contract position limit is too high of a threshold in light of the realities of the world silver market. Any speculator holding an amount of silver derivatives greater than what 99% of the world’s silver producers and consumers make or use in a year would have inordinate pricing power. Please institute a 1500 contract (7.5 million ounce) position limit for silver.
Respectfully submitted.
