February 13, 2006

Dear Sirs:

I would like to see the approval of the Silver ETF granted, as it would approve silver as an investment, which would create jobs in the mining industry, which in this case most silver mines are not operating at a profit (or at all) because the expenses make the price of silver lower than it should be. Not only that, the increased capacity for mining and refining will ease pressure on meeting demand for physical silver, especially for those manufacturers who use it as a critical part of making products, and for those who want a return to the silver standard as specified in the Coinage Act of 1792 (with some modifications that will address the original design shortcomings of the silver standard with a bimetallic system of coinage) and repudiation and repeal of the Federal Reserve Act of 1913.

Thank you,

Stephanie Ellison