Silver (XAG/USD) surged on Friday, gaining 1.64% to close at $39.69, breaking decisively above the 14-year high of $39.53. The strong finish capped an 8.11% gain for August and a 2.13% weekly rise.

U.S. wholesale prices fell 0.1% in August, missing forecasts and boosting expectations for a Fed rate cut this month. Core PPI also declined 0.1%, versus the 0.3% rise expected, fueling a bullish ...