Compiled 04/26/12 6:00 AM (CT) Statistics: London Gold Fix $1,648.25 +$6.75 LME Copper Stocks 255,350 tons -1,050 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) While May silver prices have started the Thursday US trade above the prior closing level, silver wasn't able to carve out a higher high on the charts like the gold and platinum markets. Apparently silver isn't getting as much relief buying as the gold market in the wake of the FOMC statements, but that could also be the result of less than stellar follow through gains in global equity markets overnight. With silver acting like a classic physical commodity market recently, the bull camp might need to see a series of positive US data points later this morning just to claw back above yesterday's high of $30.96. The silver market was presented with a somewhat anemic silver price forecast, from a silver miner overnight, but the focus of the silver trade is likely to remain locked onto the state of the US economy and in the absence of other market moving developments this morning, the scheduled US data is probably going to largely direct silver prices. Comex Silver Stocks were 140.601 million ounces down 21,187 ounces. Silver stocks have increased 12 of the last 20 days. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) Equity markets in Asia were mostly higher overnight, with Shanghai stock prices closing minimally weaker. European markets were a little higher to start, but then gave ground and ended up with a mixed to lower trade. The US stock markets were showing minimally positive early action today, as the equity markets continue to draft somewhat positively off the recent statements from the Fed. The US economic report slate today is rather active, with Initial and Ongoing claims, a Chicago National Activity index and pending home sales figures. Initial claims are expected to show some minor declines and that could be something that adds to the minimal initial risk-on vibe that seems to have been put in place by the US Fed yesterday.