Subject: File No. SR-Amex-2005-072
From: Edward J Wisniewski, CMA MBA
Affiliation: Older Grad Student (MBA - Competitiveness)

February 6, 2006


No metal ought to be constrained by any limitations - such that the price is openly manipulated - as is silver. Ref: the dollar drop - per oz- less than 6 months ago - for 9 to 8 an oz - via ONE MAJOR SECURITIES dealer.

The future market for silver appears to lack any freedom to set the price by free market standards - similar to that of gold, oil or natural gas.

Why?

Approve the silver ETF

Let the market forces determine prices for silver and end the manipulation and subterfuge.

EJ Wisniewski CMA MBA