Compiled 03/03/11 6:00 AM (CT) Statistics: London Gold Fix $1430.50 Unch LME Copper Stocks 424,050 tons +500 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While silver prices initially managed another new high for the move overnight, the silver market wasn't unable to sustain that probe up on the charts. Not surprisingly, the silver market is showing some weakness in the wake of a reduction in Middle East anxiety, a stronger Dollar and rather hawkish talk from the ECB. However, silver might garner some support from news of another rise in silver derivative holdings overnight. With the Arab league expressing hope that a Libyan Peace plan might be under consideration, that would seem to remove a pillar of the bull's case from earlier in the week. However, silver at times this week seemed to be garnering some buying interest from inflationary expectations, as well as from ideas that the US Fed was poised to remain on hold, which in turn might bode well for physical silver demand going forward. The bear camp is suggesting that silver's recent out performance of gold prices, could leave silver vulnerable to slightly more corrective action than the gold market. Comex Silver Stocks were 103.530 million ounces up 954,266 ounces. Comex Silver stocks are at their highest levels in the past 10 sessions. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia were mixed during overnight trading, stock indices in Europe are generally stronger this morning. Early indications are for the US stock market to open today's session with sizable gains this morning. The Dollar is close to unchanged levels against most of the major currencies during overnight trading, but is posting a gain against the Pound. The leader of the National Libyan council has rejected proposed talks with Libyan leader Muammar Gaddafi. The President of the Bundesbank has suggested extending bond maturities for nations that need to access the new EU emergency loan program. A UN organization warned that surprise oil price spikes would impact global grain markets. German Retail Sales during January were up 1.4%, stronger than expected. Euro zone GDP during the fourth quarter was up 2.0% year-on-year, in line with forecasts. French Unemployment during the fourth quarter was 9.6%, in line with forecasts. Major US economic numbers to be released this morning include Weekly Jobless Claims and fourth quarter Non-Farm Business Productivity at 7:30 AM, and a private survey of US non-Manufacturing businesses at 9:00 AM. In addition, Fed Regional Presidents Lockhart and Kocherlakota will give speeches during the session.