SMASH Recycling Morning Metals Report – April 22, 2026

Prices as of April 22, 2026 at 12:30 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 — $4,759/oz ▲
• Silver — $78.00/oz ▲
• PGMs — Rh ▸ $10,150 · Pt ▲ $2,083 · Pd ▲ $1,553
• Copper — $6.05/lb ▲
• Aluminum — $1.63/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3653

SMASH Recycling Takeaways for Today

• Gold & Silver — Sell gold and silver scrap now while prices are up 0.87% and 1.46% today to lock in gains before profit-taking hits again.
• PGMs — Push platinum and palladium scrap sales with 2.71% and 1.77% jumps; hold rhodium steady as it's flat.
• Copper — Sell copper scrap fast at $6.05/lb, up 0.64%, as demand from EVs and wiring stays hot.
• Aluminum — Move aluminum scrap today at $1.63/lb, up 2.02%, riding strong infrastructure needs.
• Big Picture — With 6 of 8 metals higher, sell high-value scrap now to capture the bullish move.[1][2]

Macro Backdrop — Energy and Risk

Brent Crude Oil: $93.79/bbl, up $0.0400 (+0.04%) day-over-day.

**Macro Backdrop — Energy and Risk**

Brent crude oil holds steady at $93.79 per barrel, up just 4 cents or 0.04% from yesterday. Steady prices ease some pressure on scrap metal transport costs, but higher oil could lift demand if factories ramp up. The USD/CAD rate sits at 1.3653, supporting cross-border scrap flows from Canada.

Risk stays mixed with inflation expectations up to 2.38% and the 10-year yield flat at 4.26%. Auto production fell to 102.63, a big drop that hurts scrap from cars. Gold and silver prices dipped on stronger dollar moves, per recent reports, adding caution for metals traders.[1][2]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,759/oz, up +$41.26 (+0.87%) day-over-day. Previous close: $4,717/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold hit $4,759 per ounce today, up $41 or 0.87% from yesterday. It rose in 3 of the last 5 sessions, giving scrap sellers and recyclers a good time to cash in on old jewelry or gold scrap. Steady Brent crude oil at $93.79 per barrel keeps transport costs in check, helping your bottom line.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $78.00/oz, up +$1.12 (+1.46%) day-over-day. Previous close: $76.88/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 61.0:1.

**Silver** hit $78.00 per ounce today, up $1.12 or 1.46% from yesterday. This gain comes after drops in 3 of the last 5 days, with steady Brent crude oil at $93.79 per barrel helping keep transport costs in check for scrap sellers. Strong demand from solar panels and recycling makes now a good time to sell scrap silver before any pullback.[1][3]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $2,083/oz, up +$55.00 (+2.71%) day-over-day. Previous close: $2,028/oz. MoM: +11.0%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,553/oz, up +$27.00 (+1.77%) day-over-day. Previous close: $1,526/oz. MoM: +10.0%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $10,150/oz, flat day-over-day. Previous close: $10,150/oz. MoM: -6.9%.
• Rhodium 5-day trend: ↑ 3 of last 5 sessions.

**PGM prices rose today, boosting payouts for scrap sellers.** Platinum climbed $55 to $2,083 per ounce, up 2.71%, while palladium gained $27 to $1,553 per ounce, up 1.77%; rhodium stayed flat at $10,150 per ounce.[1][5] Higher prices improve recycling economics, so scrap sellers should shop quotes now to capture 25-35% of spot values before any shifts.[3][1] Steady Brent crude at $93.79 per barrel keeps transport costs in check.[macro]

Copper — Current Indicators

• COMEX/Spot Copper: $6.05/lb, up +$0.0385 (+0.64%) day-over-day. Previous close: $6.02/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Copper hit $6.05 per pound today, marking its first time ever crossing the $6 level, driven by tight supply from tariffs and strong demand from U.S. manufacturing and infrastructure projects[5][7]. Scrap sellers are benefiting from this historic strength, though analysts remain split on whether prices will push toward $7 or pull back to $5, creating both opportunity and uncertainty in the market[6]. With steady oil prices easing transport cost pressure, conditions remain favorable for scrappers to capitalize on the current run[7].

Aluminum — Current Indicators

• LME Aluminum: $3,604/tonne ($1.63/lb), up +$0.0324 (+2.02%) day-over-day. Previous close: $1.60/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Aluminum prices climbed to $1.63 per pound today, up about 3 cents, as steady infrastructure demand in Asia and Europe continues to push the scrap market higher[1]. With oil holding steady at $93.79 per barrel, transport costs remain manageable, letting buyers compete aggressively for material[1][6]. Sellers should watch the recent mixed trading pattern—aluminum has moved up two of the last five days—but the long-term trend favors higher prices as construction projects and automakers keep recycling activity strong[1][7].

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.