Subject: File No. SR-Amex-2005-072
From: RICHARD (Dick) L STEARNS

January 29, 2006

I urge you to approve the Silver ETF File No. SR-AMEX-2005-072.

I feel the SUA's position is self serving and unsupportable in view of today's economy.

We already have Gold ETF's, Why not Silver? Actually, they
already exist elsewhere.