Compiled 11/16/11 6:00 AM (CT) Statistics: London Gold Fix $1,773.00 +8.00 LME Copper Stocks 400,925 tons -2,325 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Like gold, the silver market has started the Wednesday US trade out on a slightly weaker footing this morning. Noted weakness in global equities, slowing growth predictions from the BOE and a higher dollar seem to give the bear camp in silver an edge to start the trade today. Apparently silver wasn't able to garner much in the way of support from news of a decline in silver production from Peru yesterday, as the focus of the silver trade remains primarily on investment and physical demand expectations. On the other hand, Peru did see September 2011 silver production to be 2.8% below year ago levels, on an output of 281,828 kgs. Like gold and other physical commodity markets, the silver bulls today probably need something positive from Industrial Production readings, especially since US equities are starting out weaker and the dollar is stronger again. Comex Silver Stocks were 107.101 million ounces down 761,134 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 lower during overnight trading, stock indices in Europe are generally higher this morning. Early indications are that US equity markets will open weaker later on today. The US Dollar is moderately stronger against most of the major currencies this morning, although posting a small loss versus the Yen. UK Unemployment during October was 8.3%, higher than market expectations. Euro zone Inflation during October was up 3.0% year-on-year, in line with forecasts. Major US economic numbers to be released this morning include the October Consumer Price Index at 7;30 AM, October Industrial Production and Capacity Utilization at 8;15 AM, a private survey of US Housing at 9:00 AM, as well as a private survey of mortgage applications released before the opening. In addition, Fed Regional Presidents Lacker and Rosengren will speak during the session.