SMASH Recycling Morning Metals Report – April 27, 2026

Prices as of April 27, 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 — $4,700/oz ▼
• Silver — $75.65/oz ▼
• PGMs — Rh ▸ $10,050 · Pt ▼ $2,005 · Pd ▼ $1,463
• Copper — $6.03/lb ▼
• Aluminum — $1.63/lb ▸
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3678

SMASH Recycling Takeaways for Today

• Gold & Silver — Sell gold scrap now to lock in value as prices dip slightly; hold silver lots unless you need cash since it's nearly flat.
• PGMs — Sell palladium scrap today amid the 1.42% drop for quick profits; wait on platinum and rhodium for better buyer offers soon.
• Copper — Sell in small lots to stay steady as price holds flat at $6.03/lb, matching our gradual strategy.
• Aluminum — Store clean aluminum scrap dry and sorted to preserve flat $1.63/lb value while watching for upside.
• Big Picture — With 0 of 8 metals higher and 3 lower today, prioritize selling weakening lots over holding inventory.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $99.97/bbl, up $0.1900 (+0.19%) day-over-day.

**Macro Backdrop — Energy and Risk**

Brent crude oil rose to $99.97 per barrel, up 19 cents or 0.19% today.[Data] Prices hover near $100-$105 amid US-Iran talks that ease some tensions but keep markets on edge.[1][2][4] Higher oil supports scrap metal demand from energy sectors, though gold and silver face selling pressure ahead of Fed meetings.[Data]

The 10-year yield climbed to 4.34%, up 4 basis points, while auto production dropped to 102.63, down nearly 4 points.[Data] Steady inflation expectations at 2.42% and Fed rate at 3.64% signal stable risk backdrop for metals recycling.[Data] Watch oil flows and peace talks for scrap price direction.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,700/oz, down $13.12 (-0.28%) day-over-day. Previous close: $4,713/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold fell to $4,700 per ounce today, down $13 or 0.28%, with prices dropping in 3 of the last 5 sessions. Scrap sellers and recyclers face selling pressure from Fed meetings and US-Iran talks that ease tensions, even as oil at $99.97 per barrel lifts some scrap demand. Sell now to lock in value before more downside.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $75.65/oz, down $0.0290 (-0.04%) day-over-day. Previous close: $75.68/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 62.1:1.

**Silver** fell slightly to **$75.65 per ounce**, down 3 cents or 0.04% today, with a drop in 3 of the last 5 sessions. Scrap sellers and recyclers should sell now to lock in gains, as analysts see more selling pressure from Fed meetings and US-Iran talks, even with oil at **$99.97 per barrel** supporting some energy demand. The gold-silver ratio at 62.1:1 shows silver lagging, but strong industrial needs for solar and EVs keep long-term value high for recyclers.[1][4][5]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $2,005/oz, down $7.00 (-0.35%) day-over-day. Previous close: $2,012/oz. MoM: +7.6%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,463/oz, down $21.00 (-1.42%) day-over-day. Previous close: $1,484/oz. MoM: +7.3%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $10,050/oz, flat day-over-day. Previous close: $10,050/oz. MoM: -6.9%.
• Rhodium 5-day trend: ↓ 1 of last 5 sessions.

**PGM prices are sliding this week, but recycling demand is picking up.** Platinum and palladium are both down—platinum dropped $7 to $2,005/oz and palladium fell $21 to $1,463/oz—yet higher prices through 2025 have made recycling economics better, meaning scrapyards are selling again instead of hoarding converters.[2][7] Sell your material now while momentum is improving, because waiting for the boom prices of 2021 could cost you money for years to come.[1]

Copper — Current Indicators

• COMEX/Spot Copper: $6.03/lb, down $0.0030 (-0.05%) day-over-day. Previous close: $6.03/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Copper** scrap prices sit at **$6.03 per pound**, down just a tiny bit—less than a cent or **-0.05%** today. The price fell in **4 of the last 5 days**, staying flat overall as my call to sell in small lots worked out right. Higher **Brent crude oil** near $100 per barrel helps scrap demand from energy work, even with US-Iran talks easing some worry, so sellers should keep watching for steady long-term needs from EVs and green tech.[1][8][10]

Aluminum — Current Indicators

• LME Aluminum: $3,603/tonne ($1.63/lb), flat day-over-day. Previous close: $1.63/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Aluminum scrap holds steady at **$1.63 per pound**, with no change from yesterday but down in **3 of the last 5 sessions**. Higher **Brent crude oil** at $99.97 per barrel supports demand from energy sectors amid easing US-Iran tensions. Scrap sellers should watch for steady construction and auto needs to lift prices soon.[1][2][4][8]

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.