Subject: File No. SR-Amex-2005-072
From: A. C. Schoner

January 26, 2006

Sirs: I was raised and educated by parents and especially grandparents that understood the value of silver. Not only for the past value of silver as coinage and money, but also industrial and medical usage. Lately, I also appreciate silver as an investment vehicle. To expand the choices of an investment traded fund called the iShares Silver Trust would be most welcome. I was very pleased when the other iShares Trust for gold was approved. I hope that the iShares Silver Trust approval is speedy and removed from the swirl of charges that there is not enough silver supply.