Comment Text:
I have been a follower of the silver market for over 50 years. In 1980 there was a severe aberration in that market, and again in the summer of 2008. In both cases the problem was a severe concentration in the futures market, on the long side in 1980, and the severe short side in 2008. I believe that a position limit of 1500 contracts would be appropriate since at today's price it would mean controlling over 270 million dollars worth of silver and that market is very small.
