Subject: File No. SR-Amex-2005-072
From: Ali Sugerman

January 26, 2006

I am writing you folks to register my support for approving the Barclays Silver ETF given the upward trends in commodities lately this product will offer investors a way to preserve their wealth that is unavailable from investing in the Dow, NASDAQ or S P 500.

As an investor of my own retirement account, this would allow me to diversify into the commodities sector in a way that is available only for Gold. There are different dynamics available for these precious metals that make each attractive in its own right. Please allow the free market to work as it should in this case.