Compiled 10/06/11 6:00 AM (CT) Statistics: London Gold Fix $1,649.50 -$49.50 LME Copper Stocks 471,725 tons -3,200 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Silver is showing signs of returning to the last two weeks highs in the early Thursday US trade action. To some traders, silver is benefiting from renewed long interest in physical commodities and perhaps to hope that the global economy might not be as slow, or vulnerable as was feared earlier this week. Therefore the trade will be watching US scheduled data closely today and many players will be checking silver action to verify its capacity to rally off positive economic vibes. As in the gold market, there might be some silver traders purchasing silver in anticipation of a developing trade war between the US and China which many think might unfold in the wake of a US vote on a currency manipulation bill. At least to start today, the December silver contract looks to have a critical pivot point up at $31.535, as that level would seem to be the top of the last two week's consolidation zone. In the end, some silver traders are still looking for confirmation of the main focus of the silver trade. Comex Silver Stocks were 107.585 million ounces down 98,443 ounces. Silver stocks have increased 12 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia and Europe were generally higher during overnight trading, early indications are that US equity markets will open with moderate gains later on today. The US Dollar is slightly weaker against most of the major currencies this morning. The founder of Apple, Steve Jobs, passed away yesterday evening. The European Commission President Barraso overnight indicated that EU member states were having discussions on coordinated recapitalization of their banks and that was seen as a positive development for the Euro zone. German Chancellor Merkel is scheduled to meet with the heads of the IMF and World Bank later on today. The Bank of England will announce their decision on UK monetary policy at 6:00 AM. The European Central Bank will also announce their decision on Euro zone monetary policy at 6;45 AM. The only major US economic numbers to be released this morning, will be Weekly initial and ongoing Jobless Claims at 7:30 AM.