Compiled 06/26/12 6:00 AM (CT) Statistics: London Gold Fix $1,573.25 +$18.25 LME Copper Stocks 253,250 tons +50 tons SILVER MARKET FUNDAMENTALS: (6:00 AM CT) Like gold, the silver market has started out a touched weaker today, but within relatively close proximity to the Monday highs. Also like gold, the silver trade might be a little divided on the primary focus of the silver trade right now, as it seemed at times on Monday, that silver was attempting to return to a safe haven commodity status at the expense of its physical commodity market fundamentals. However, the bull camp was cheered by the action yesterday, as the rally in silver prices was accompanied by a noted jump in volume and open interest which from a technical perspective could confirm a broadening interest in upside price action. However, silver probably won't be immune to a reaction off US scheduled data this morning as a portion of the silver trade continues to think that silver is taking most of its cues from the prospect of US easing. Therefore, traders should take some note of the reaction of silver prices to the scheduled US data this morning as that might confirm the ongoing focus of a portion of the silver trade. Comex Silver Stocks were 146.430 million ounces up 56,870 ounces. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CT) Mainland Chinese equities were weaker again overnight, but Hong Kong shares managed to claw out a minimal gain. European equity markets were weaker off rising yields in Italy and Spain and also because of a lack of constructive dialogue ahead of the coming EU summit. The markets also saw more evidence of slowing in the Euro zone, from a sharp decline in Italian retail sales from the prior month. The US scheduled report slate has a series of private chain store sales reports, the Case-Shiller Home price survey, a Richmond Fed business Activity index and a Consumer Confidence report. Expectations call for a decline in the 20-City Case-Shiller Home price index and a minor decline in US Consumer Confidence.