SMASH Recycling Morning Metals Report – April 15, 2026

Prices as of April 15, 2026 at 02:55 PM UTC.

Market screen levels only — not yard pay prices. Actual buy prices at the scale will differ based on grade, moisture, contamination, and freight. The scrolling ticker at the top of this page shows live prices and may differ from the snapshot below.

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• Gold — $4,811/oz ▼
• Silver — $79.99/oz ▲
• PGMs — Rh ▸ $9,950 · Pt ▲ $2,123 · Pd ▲ $1,572
• Copper — $6.07/lb ▼
• Aluminum — $1.64/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3757

SMASH Recycling Takeaways for Today

• Gold & Silver — Gold dropped $25 to $4,811/oz today. Silver climbed 50 cents to $79.99/oz. Hamilton and Toronto scrap gold dealers should hold inventory as the decline looks like profit-taking after recent gains. Montreal silver sellers should list now to capture the $79+ pricing momentum.
• PGMs — Platinum surged $25 to $2,123/oz while palladium stayed flat at $1,572/oz. Vancouver auto cat processors should sell platinum inventory immediately while this 1.2% rally continues. Calgary recyclers can hold palladium as prices stabilize near current levels.
• Copper — Copper slipped 2 cents to $6.07/lb despite strong recent momentum. Edmonton and Winnipeg scrap yards should list copper inventory now as prices remain well above the $6.00 support level that's attracted buyers.
• Aluminum — Aluminum gained 1 cent to $1.64/lb, extending its solid run. Ottawa and Calgary aluminum processors should continue holding inventory as energy cost fundamentals keep scrap values attractive to buyers.
• Big Picture — Mixed signals today with 4 of 8 metals higher, suggesting market consolidation after recent strong moves across industrial and precious metals.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $95.10/bbl, up $0.1700 (+0.18%) day-over-day.

Oil edged higher by 17 cents as traders weighed Middle East tensions against stable supply flows. The modest gain reflects ongoing uncertainty around Iran-US dialogue, which continues to support energy-intensive metals like aluminum where smelting costs remain elevated. Higher crude prices typically squeeze transportation margins for Canadian scrap dealers in Calgary and Edmonton, but today's small move shouldn't materially impact freight costs.

The dollar's recent weakness helps offset some energy cost pressure for Toronto and Montreal yards handling imported materials. Federal stimulus discussions and critical minerals funding announcements are boosting sentiment around copper and aluminum, as government infrastructure spending could drive steady scrap demand through 2026. Vancouver auto recyclers should note that palladium's recent stability suggests automotive demand may be finding a floor, even as electric vehicle adoption continues. Hamilton steel processors can expect continued range-bound action as energy costs and raw material prices balance out in the near term.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,811/oz, down $24.76 (-0.51%) day-over-day. Previous close: $4,836/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold dropped $24.76 to $4,811 per ounce today as traders took profits after recent gains, with the metal showing weakness in 3 of the last 5 sessions. Scrap gold dealers in Toronto and Vancouver should expect softer refiner interest in the near term, though the modest decline suggests consolidation rather than a major breakdown. The pullback comes despite ongoing Middle East tensions that typically support safe-haven demand, indicating profit-taking may be overriding geopolitical factors for now.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $79.99/oz, up +$0.5025 (+0.63%) day-over-day. Previous close: $79.49/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 60.1:1.

Silver gained 50 cents to $79.99 per ounce today, extending its strong run with gains in four of the last five trading sessions. The metal is benefiting from the same Middle East tensions that pushed oil higher, as electronics recyclers and industrial scrap dealers see increased buying interest from refineries processing solar panel and circuit board materials. Toronto and Montreal scrap yards report steady demand for silver-bearing electronic waste as the metal's dual role in both precious metal portfolios and green energy applications drives sustained purchasing. The gold-to-silver ratio at 60:1 suggests silver remains relatively attractive compared to gold, creating opportunities for Vancouver and Calgary dealers holding mixed precious metal inventory.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $2,123/oz, up +$25.00 (+1.19%) day-over-day. Previous close: $2,098/oz. MoM: +0.4%.
• Platinum 5-day trend: ↑ 4 of last 5 sessions.
• Palladium (Pd): $1,572/oz, up +$1.00 (+0.06%) day-over-day. Previous close: $1,571/oz. MoM: -1.2%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $9,950/oz, flat day-over-day. Previous close: $9,950/oz. MoM: -13.5%.
• Rhodium 5-day trend: ↓ 2 of last 5 sessions.

Precious metals continue showing mixed signals as platinum climbs $25 to $2,123/oz while palladium barely budges at $1,572/oz. The platinum gain builds on recent automotive catalyst demand recovery that Toronto and Vancouver auto recyclers are seeing in their yards. Rhodium holds steady at $9,950/oz as supply concerns keep buyers cautious. This divergent PGM performance reflects uneven recovery in different auto sectors - platinum benefits from diesel catalyst demand while palladium faces headwinds from gasoline engine slowdowns. Montreal and Calgary processors should watch for continued platinum strength if automotive production data stays positive.

Copper — Current Indicators

• COMEX/Spot Copper: $6.07/lb, down $0.0150 (-0.25%) day-over-day. Previous close: $6.09/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Copper dropped about 2 cents to $6.07/lb as traders took profits after the metal's strong run above $6.00. The modest decline comes despite ongoing Middle East tensions that have disrupted sulfur supply chains, keeping production costs elevated for primary copper producers. This supports scrap values for Canadian sellers in Toronto, Montreal, and Vancouver who are finding steady demand for #1 and #2 copper grades. Bare bright and copper wire continue attracting premium pricing as refiners seek reliable domestic supply to avoid disrupted overseas flows. With copper holding well above the psychologically important $6.00 level and winning 4 of the last 5 trading sessions, the underlying industrial demand story remains intact for scrap yard operators across Calgary and Edmonton.

Aluminum — Current Indicators

• LME Aluminum: $3,607/tonne ($1.64/lb), up +$0.0106 (+0.65%) day-over-day. Previous close: $1.63/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Aluminum prices edged up by about a penny today to $1.64/lb, continuing the steady climb that Toronto and Montreal recyclers have seen over the past week. The modest gain reflects energy-intensive smelting costs staying elevated as oil holds near $95, keeping primary aluminum expensive and making scrap more attractive to buyers. Cast aluminum sellers in Vancouver and Calgary should see steady demand as the metal has risen in 3 of the last 5 sessions, with industrial buyers favoring recycled material over costly new production.

Steel Scrap (Shredded (SHS), scrapmonster) — Current Indicators

• Steel Scrap Shredded (SHS) (SCRAP-SHS): $413.00/mt, flat day-over-day. Previous close: $413.00/mt.
• 5-day trend: → flat over last 5 sessions.
• HMS 1&2 (80:20) (SCRAP-HM): $366.00/mt (flat day-over-day).

Want to move PGM-bearing material, copper, aluminum, or steel scrap through competitive bidding? List your lots on SMASH Recycling and let vetted Canadian buyers compete for your scrap.