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 the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX. A larger position limit will not put an end to the manipulation of the silver market by the large banks.
The question in my mind is why haven't you already acted to stop the illegal manipulation of the silver market when it has been brought to your attention by many sources over many years?
