Compiled 09/23/11 6:00 AM (CT) Statistics: London Gold Fix $1,730.00 -$35.00 LME Copper Stocks 464,550 tons -1,525 Shanghai Deliverable stocks were 102,253 tons -9,808 SILVER MARKET FUNDAMENTALS: (6:00 AM CT) With another big range down extension in silver this morning, some traders are pointing to the May 2011 low of $32.35 as a possible target. Equity markets have seemingly given up initial gains into the early US Friday trade and that could leave silver fearful of sagging investment and physical demand for silver. In fact, some traders are concerned that a fresh new low for the week in equities could foster additional long liquidation selling in silver. However, it is possible that favorable G20 comments toward the Greece situation could cushion silver against more downside action. Comex Silver Stocks were 105.006 million ounces up 612,497 ounces. Silver stocks have increased 11 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia were generally weaker during overnight trading, stock indices in Europe are generally higher this morning. Early indications are that US equity markets will open with moderate gains later on today. The US Dollar is lower against most of the major currencies this morning. G20 nations pledged to take all steps necessary to calm global markets at their meeting this week in Washington. The Chinese Foreign Ministry stated that letting the Yuan gain value alone would not solve the US/China trade imbalance. A survey of French Business Sentiment during September was at 99, lower than expectations. A survey of French Consumer Confidence during September was at 80, lower than market forecasts. There are no major US economic numbers to be released this morning. However, Fed Regional Presidents Dudley and Williams will give speeches during the session.