Subject: File No. SR-Amex-2005-072
From: Steven Mellor

January 27, 2006

BTW my email is smellor@ozemail.com.au but the website does not allow non US domain names

I encourage you to allow the creation of this trust.

I am an ivestor who is looking to invest in physical silver and there are no other viable options at present.

Given that there are many Gold ETF's I see no reason why there should not be one for silver.

I dont understand why there would be even a hint of this not being "allowed" in a country such as the US that believes in free markets.

thanks

Steven mellor

Phnom Penh

cambodia