Subject: File No. SR-Amex-2005-072
From: Thomas J Anderson

January 31, 2006

I am wholeheartedly in favor of a silver ETF. Like with gold, average investors need a simple means to own silver without the risk and volatility of owning mining companies. I feel that my own portfolio is lacking in this regard, and I would certainly want to buy shares in a silver ETF. Blocking the registration of this ETF is anti-capitalist. The market needs to set prices, not special interest groups like the SUA. We need the government to protect the rights of individual investors, not commercial interests.