Comment Text:
As a retired individual living off investment success, I have been trading and investing in all markets for many years. For the past two years I have been active in the Silver futures and futures options markets. This market is attractive in that the trend in Silver has been generally upward at a rapid pace.
However, the volatility is frequently excessive and tends to move $1.00 or $2.00 amazingly fast as if it is manipulated to the benefit of certain concentrated holders. I have been injured by some of these rapid movements against my positions.
I believe Silver should have positions limits overall of 1500 contracts without any artificial offsets or exemptions. In examining limits for a market as small as Silver, or other small markets, it is important to measure not only the potential holdings of one organization, but the combined impact of multiple deep pocketed organizations with similar market strategies.
Please establish a 1500 contract Silver limit and now and enforce them effectively before the small investors lose any more money.
