Compiled 04/25/12 6:00 AM (CT) Statistics: London Gold Fix $1,641.50 +$2.50 LME Copper Stocks 256,400 tons -475 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) The silver market has started the Wednesday US trade action marginally above yesterday's close but in the lower quarter of this week's range. While silver prices were generally outperforming gold in the early action today, that edge wasn't overly impressive. However, some silver bulls are hopeful that the upcoming Fed meeting might provide some fresh incentive to the bull camp. On the other hand, the bear camp ion silver probably remains confident off the chart pattern as the pattern of lower highs and lower lows has generally remained in place this week. While silver and other industrial commodity markets will take some direction from the US durable goods figures this morning, it is possible that the trade will take most of its direction from the Fed statement. At least to start, silver is drafting some support from higher US equities, but that benefit was muted somewhat by a lack of definitive strength in global equity markets overnight. Comex Silver Stocks were 140.622 million ounces up 35,007 ounces. Silver stocks have increased 13 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) Equity markets in Asia were mixed overnight, with Hong Kong prices weaker and the Shanghai market tracking higher off rumors that the Chinese government might be poised to provide some fresh support to their housing sector. European markets were a little higher to start today, as UK GDP data provided a distraction to recent Euro zone debt issues. The US stock markets were showing definitive gains early this morning off supportive earnings from Apple last night and perhaps because of hope for something helpful from the FOMC later today. The US economic report slate today has an Advanced Durable goods result early that is generally expected to be higher and that report will be followed later on by a Fed Press Conference and the usual Fed statement release.