Subject: File No. SR-Amex-2005-072
From: Ed Zaricor

January 27, 2006

I have been investing in Silver Mining companies for 3 years now and all the risk that entails. I would prefer to own the metal instead to protect my family from the ravages of inflation. Please allow me to protect my family in a more prudent manner. Please allow a Silver ETF so that all Americans can do the same.