Subject: File No. SR-Amex-2005-072
From: Henri J Douvry, Jr
Affiliation: Biologist

February 19, 2006

It seems ridiculous to hesitate on or oppose the creation of a silver ETF. To not allow free market forces to control the price of silver will only lead to shortages in the future and market destabilization. Also, it's only a matter of time before Dubai or some agency in some other foreign country does it anyway.