Subject: File No. SR-Amex-2005-072
From: Rebecca A Burgin
Affiliation: Scientist

January 27, 2006

I fully support Bayclay's application of a silver EFT. The price of silver should be determined by the market,not controlled and manipulated by a lucky few. Investor should be able to acquire silver through an EFT just as gold investors can. Thanks for your attention.

Rebecca Burgin