Fed commentary late in the day could sway silver price forecast tomorrow, but unless hawkish tones intensify, $28.50/oz remains a likely ceiling. Absent any improvement, we don't think a thirst for dividends is pushing up the Farmers National Banc's share price. Rather, we'd posit that the revenue increase of 7.3% might be more meaningful. After all, it's not necessarily a bad thing if a business sacrifices profits today in pursuit of profit tomorrow (metaphorically speaking). But they may also be working to separate themselves from western commodities markets. In October 2024, Russia floated the idea of creating a precious metals exchange to its BRICS counterparts. If established, it could shake up pricing for commodities like silver, allowing Russia to circumvent sanctions and trade with its bloc partners. Options market data show rising calls in silver contracts, reinforcing a constructive silver price forecast tomorrow near $28.35-$28.55/oz.
