Comment Text:
Fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces! The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,500 contract limit is a more realistic amount given the small amount of silver production in a year and freely available in the marketplace. It is STILL greater than any other current concentration in physical commodities traded on the COMEX.
