Comment Text:
Dear Chairman Gensler and fellow Commissioners:
I agree with many fellow commenters and request that you approve the staff's proposal on position limits with one exception. With respect to silver I request that you enact a position limit of 1500 contracts due to the unique conditions in the silver market. If position limits higher than 1500 contracts are enacted, a speculator holding the maximum (e.g. 5000 contracts) will still be able to wield unhealthy influence over pricing in the market. As the purpose of position limits is to prevent this kind of undue influence it is necessary to enact a limit that effects the purposed outcome of the proposal. As it is no doubt your goal to do what is in your power to prevent egregious market manipulation in commodities markets and to ensure healthy operation of a free market for all participants I urge you to act swiftly and seriously on this issue of meaningful position limits.
Sincerely,
Jolyon Pruszinski
