The U.S. dollar strengthened significantly thanks to better-than-expected U.S. economic reports, which are favorable for the Fed's policy and pushed the 10-year Treasury yield up by 8 basis points. Additionally, silver received support on Thursday after Japan's Q2 GDP grew faster than expected, along with the aforementioned U.S. economic reports, which are beneficial for metal industry demand.

The September Silver contract saw a sharp increase. The settlement price on August 15 was $28.418 per troy ounce, up 3.95% compared to the previous session.

The October Platinum contract also saw a strong rise. The settlement price on August 15 was $965.1 per troy ounce, up 3.82% compared to the previous session.

The September Copper contract surged as well. The settlement price on August 15 was $4.151 per pound, up 2.75% compared to the previous session.

Source: Collected from various sources