Subject: File No. SR-Amex-2005-072
From: Graeme N Price

January 26, 2006

I would like to see a silver ETF that allows me to invest in silver without having to personally take possession.
The gold ETF,s are working well and despite the SUA complaints that silver users could run short, nothing is stopping silver users from taking delivery of silver for their own inventory before this ETF is formalised. After that the free market will establish the price, be it higher or lower.