Comment Text:
In my opinion the silver market has been manipulated form some time by the extreme large short positions held by J. P. Morgan and a few other large traders. When extreme positions in a commodity are allowed, then the market can easily be manipulated by the large commercial traders which puts the smaller retail traders and investors at a distinct disadvantage.
To prevent market manipulation in silver, setting a position limit of 1500 contracts seems the bare minimum that should be done by the CFTC. It also is essential that the commision do a thorough investigation into why this manipulation occured and what other actions should be taken to prevent future such action by these large traders. Setting position limits of 1500 contracts in silver needs to be done immediately as this manipulation has gone on far to long.
