Subject: File No. SR-Amex-2005-072
From: George G Haberman

January 26, 2006

I think the free trade of silver by ETF should be allowed. The Silver ETF would allow everyone an opportunity to purchase actual silver an a piecemeal basis without having to worry about storage and safety of the actual silver itself. There will be some new demand, but will eliminate the possibility of anyone trying to control the silver market and make the investment safer for all of us.