Compiled 04/20/12 6:00 AM (CT) Statistics: London Gold Fix $1,640.00 -$2.50 LME Copper Stocks 261,150tons -1,550 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) The silver market has started out a touch weaker this morning and it would appear that the somewhat tight coiling pattern on the charts is set to continue into the last trading session of the week. Silver might be seeing some minor pressure off overnight news of a very minor rise in silver production from Peru in the month of February, but recently the silver market hasn't paid that much attention to classic supply side developments. Perhaps silver is drafting some indirect support off GFMS predictions of firm industrial demand for silver ahead, but those views have been given less credence because of the doubt surfacing toward the US and Chinese economies. Silver and other physical commodity markets might see some support from an attempt to boost IMF reserves by $400 billion, as that could give the IMF the capacity to keep the Euro zone crisis under control. The bull camp continues to tout the pattern of rising open interest, which earlier this week reached up to 121,448 contracts, as that might suggest to some, that long accumulation is taking place during the consolidation pattern of the last three weeks. Comex Silver Stocks were 138.015 million ounces down 22,099 ounces. Silver stocks have increased 12 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) Equity markets in Asia were generally higher overnight, with Shanghai stocks reaching a new 1 month high off positive leadership from the financial sector. European markets were weaker to start today, mostly off political wrangling within the IMF and perhaps because of the potential for political leadership changes in France. Early in the US trade today, share prices were virtually unchanged, with the markets shifting their focus toward another round of corporate earnings reports later this morning. The US economic report slate today is mostly empty, with a weekly ECRI report the only scheduled release today. However, there could be a series of reactions off an ongoing IMF meeting and a G20 Finance Ministers/Governors meeting.