SMASH Recycling Morning Metals Report – April 29, 2026

Prices as of April 29, 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 — $4,565/oz ▼
• Silver — $72.56/oz ▼
• PGMs — Rh ▸ $10,000 · Pt ▼ $1,909 · Pd ▼ $1,435
• Copper — $5.95/lb ▲
• Aluminum — $1.61/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3678

SMASH Recycling Takeaways for Today

• Gold & Silver — Sell scrap gold and silver now as both dropped today (gold -0.57%, silver -0.79%) with no rebound signs after recent wrong hold predictions.
• PGMs — Hold platinum (-1.50%) and palladium (-0.69%) scrap briefly but sell rhodium while flat; watch for converter rebound after pullbacks.
• Copper — Sell copper scrap today at $5.95/lb up 0.44% amid volatile swings—lock in gains before next drop like recent -2.3% move.
• Aluminum — Sell aluminum scrap at $1.61/lb up 0.37% to capture small rise after prior wrong better-price prediction failed.
• Big Picture — With only 2 of 8 metals higher today, sell high-momentum scrap now and hold others in weak overall market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $107.55/bbl, up $3.58 (+3.44%) day-over-day.

**Macro Backdrop — Energy and Risk**

Brent crude oil jumped to $107.55 per barrel, up $3.58 or 3.44% from yesterday. This follows gains from $104.04 on Tuesday, but pullback risks remain as Middle East tensions drive energy costs higher. Higher oil adds pressure on scrap metal makers and steel mills, which use lots of energy.

The 10-year Treasury yield rose to 4.35%, up 0.04%, while inflation expectations held at 2.44%. Auto production fell to 102.63, down sharply, signaling weaker demand for metals. Watch rising costs and soft industry output for scrap price risks.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,565/oz, down $25.97 (-0.57%) day-over-day. Previous close: $4,591/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

Gold spot price fell to **$4,565 per ounce**, down **$26** or **0.57%** today, dropping in **4 of the last 5 sessions**. Scrap sellers and recyclers should hold steady as prices ease amid rising energy costs from Middle East tensions, with Brent crude at **$107.55 per barrel**. Market growth stays strong, boosting demand for recycled gold.[1][2][3]

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $72.56/oz, down $0.5760 (-0.79%) day-over-day. Previous close: $73.14/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 62.9:1.

**Silver** spot price fell to **$72.56 per ounce**, down 58 cents or 0.79% today, with drops in 3 of the last 5 sessions. The gold/silver ratio at 62.9:1 shows **silver** lagging, amid ongoing refining backlogs and strong industrial demand from solar and electronics that strain scrap supply[1][5][6]. Brent crude's jump to **$107.55 per barrel** on Middle East tensions adds energy cost pressure, so scrap sellers should hold steady as long-term forecasts point to higher prices around $81 per ounce in 2026[1].

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,909/oz, down $29.00 (-1.50%) day-over-day. Previous close: $1,938/oz. MoM: -0.9%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,435/oz, down $10.00 (-0.69%) day-over-day. Previous close: $1,445/oz. MoM: +0.7%.
• Palladium 5-day trend: ↓ 4 of last 5 sessions.
• Rhodium (Rh): $10,000/oz, flat day-over-day. Previous close: $10,000/oz. MoM: -3.9%.
• Rhodium 5-day trend: ↓ 2 of last 5 sessions.

**PGM prices** fell today for scrap sellers. Platinum dropped $29 to $1,909 per ounce, down 1.5%, and palladium fell $10 to $1,435 per ounce, down 0.7%, with both down in 4 of the last 5 days. Rhodium stayed flat at $10,000 per ounce amid rising oil at $107.55 per barrel from Middle East tensions, which may lift energy costs but add caution to weak PGM trends.[1][4]

Copper — Current Indicators

• COMEX/Spot Copper: $5.95/lb, up +$0.0260 (+0.44%) day-over-day. Previous close: $5.92/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

Copper scrap prices hit $5.95 per pound today, up 3 cents or 0.44% from yesterday. This small gain comes despite drops in 4 of the last 5 sessions, helped by higher energy costs as Brent crude oil jumps to $107.55 per barrel on Middle East tensions. Scrap sellers should watch for steady demand from green tech and EVs, but hold off selling big until the short-term dip eases.[1][2][8]

Aluminum — Current Indicators

• LME Aluminum: $3,552/tonne ($1.61/lb), up +$0.0059 (+0.37%) day-over-day. Previous close: $1.61/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Aluminum prices edged up slightly to $1.61 per pound today, gaining less than a penny as Middle East tensions keep energy costs elevated at $107.55 per barrel for oil.**[5] Scrap sellers should watch for continued volatility—aluminum has dropped in 4 of the last 5 sessions, and higher crude prices may support metal costs in the near term, but demand weakness remains a concern.[5]

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.