Compiled 11/04/11 6:00 AM (CT) Statistics: London Gold Fix $1,756.00 +23.50 LME Copper Stocks 417,850 tons -4,275 tons Shanghai Deliverable stocks were 83,868 tons +10,100 SILVER MARKET FUNDAMENTALS: (6:00 AM CT) The silver market has started out the Friday morning trade slightly below the prior closing level but the trade was generally able to track in the upper half of the prior session's range in the initial Friday US trade action. Like gold, the focus of the silver trade seems to be in a state of flux, with classic physical commodity market fundamentals generally driving prices recently. However, the gold market at times this week, has shown the capacity to track safe haven issues, or perhaps it is even tracking some inflationary vibes in the wake of an EU rate cut. Clearly silver has underperformed versus gold this week and that has given rise to talk that the precious metals markets are at least considering a return to a safe haven track again. Nonetheless traders might be expecting silver to behave like a physical commodity market this morning, especially in the wake of the US Non Farm payroll release. Comex Silver Stocks were 106.573 million ounces down 451,471 ounces. Silver stocks have declined in 12 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) While equity markets in Asia were generally higher during overnight trading, stock indices in Europe are mixed this morning. Early indications are that US equity markets will open with slight losses later on today. The US Dollar is slightly higher against most of the major currencies this morning. The G20 summit meeting will conclude today, with China agreeing to promote greater forex flexibility and Italy agreeing to IMF monitoring. The Greek Parliament will have a vote of confidence on the present government later on today. A private survey of Euro zone Service Industries during October was at 46.4, lower than market expectations. A private survey of German Service Industries during October was at 50.6, weaker than market forecasts. Major US economic numbers to be released this morning include October Non-Farm Payrolls, October Private Payrolls, and October Unemployment at 7:30 AM. In addition, Fed Governor Tarullo and Fed Regional President Williams will speak during the session.