From: Raphael Speck
Sent: March 31, 2006
To: rule-comments@sec.gov
Subject: File No. SR-Amex-2005-072


Dear Sir or Madam,

Allowing an ETF in the form of Barclay's ishare silver trust is indirectly allowing to partially corner the silver market. This action is in stark contrast to your mission statement.

Raphael Speck