SMASH Recycling Morning Metals Report – August 11, 2026

Prices as of August 11, 2026 at 07:31 AM CDT.

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 — $4,390/oz ▼
• Silver — $64.99/oz ▼
• PGMs — Rh ▸ $8,650 · Pt ▼ $1,749 · Pd ▼ $1,352
• Copper — $6.66/lb ▲
• Aluminum — $1.53/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3942

SMASH Recycling Takeaways for Today

• Gold & Silver — Move clean, high-grade cats and silver-bearing material now, but keep marginal lots if you can wait for firmer bids. Gold is only slightly lower, while silver is down harder, so buyers may get picky on dirt and low-yield loads.
• PGMs — Price converters and PGM-heavy material tight today. Platinum, palladium, and rhodium are flat to lower, so push full documentation, photo proof, and accurate weights before you sell.
• Copper — Sell sorted copper wire, pipe, and clean non-ferrous loads while copper is still firm. A small uptick can bring more buyer interest, but only clean lots will pull the best bids.
• Aluminum — Build volume on clean, segregated aluminum if you can. The market is up, so buyers may pay up for clips, extrusions, and other well-sorted grades over dirty shred.
• Big Picture — 2 of 8 metals higher today; 4 lower and 2 flat, so this is a mixed tape — use competition, not one phone call, to set your price.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $87.61/bbl, down $0.1100 (-0.13%) day-over-day.

US Dollar Index (DXY): 99.85, down 0.12 (-0.12%) day-over-day.

**Energy is a little softer, but risk is still in the driver’s seat.** Brent crude is down 11 cents at $87.61 a barrel, while the dollar also eased a bit. That helps take some heat out of the inflation trade for now, but oil is still high enough to keep buyers cautious.[1][3]

The bond market is sending a mixed signal. The 10-year yield sits at 4.65% and the 2-year at 4.19%, both lower on the day, while inflation expectations are up to 2.29%. That points to less panic, but not much relief. For scrap, that usually means choppy moves, with more value in clean, documented loads than in guesswork.[1][3]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,390/oz, down $6.70 (-0.15%) day-over-day. Previous close: $4,397/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold is still hot, even with today’s small dip.** At **$4,390/oz**, it’s down just **$6.70** on the day, but the metal has still closed higher in **3 of the last 5 sessions**. For scrap sellers, that means the trend is still firm, so clean gold-bearing loads can keep drawing strong attention from buyers.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $64.99/oz, down $0.8275 (-1.26%) day-over-day. Previous close: $65.82/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 67.6:1.

**Silver is softer today, but the bigger trend is still working in your favor.** Spot is **$64.99/oz**, down **1.26%** on the day, yet it has risen in **3 of the last 5 sessions**, so sellers should watch for pullbacks, not panic. The **67.6:1 gold/silver ratio** still leaves silver looking cheap versus gold, while softer energy and a slightly weaker dollar keep the macro tone supportive for now.[1]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,749/oz, down $3.00 (-0.17%) day-over-day. Previous close: $1,752/oz. MoM: +7.6%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,352/oz, down $13.00 (-0.95%) day-over-day. Previous close: $1,365/oz. MoM: +7.3%.
• Palladium 5-day trend: ↑ 4 of last 5 sessions.
• Rhodium (Rh): $8,650/oz, flat day-over-day. Previous close: $8,650/oz. MoM: +5.5%.
• Rhodium 5-day trend: ↑ 3 of last 5 sessions.

**PGM prices are mixed, but the tone is still soft for scrap sellers.** Platinum is down a bit to $1,749 an ounce, palladium slipped to $1,352, and rhodium was flat, so this is not a strong chase market right now[2]. The last few sessions show some bounce, but not enough to call it firm yet, and softer energy plus a weaker dollar can help support bids a little[2].

Copper — Current Indicators

• COMEX/Spot Copper: $6.66/lb, up +$0.0255 (+0.38%) day-over-day. Previous close: $6.63/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is back up to $6.66/lb, and the short-term trend is firmer.** It is up about 3 cents today, and it has closed higher in 3 of the last 5 sessions, so good copper loads are still getting attention.

Aluminum — Current Indicators

• LME Aluminum: $3,372/tonne ($1.53/lb), up +$0.0162 (+1.07%) day-over-day. Previous close: $1.51/lb.
• 5-day trend: ↑ 5 of last 5 sessions.

**Aluminum is firming up again, and sellers are seeing better bids.** It is at **$1.53/lb**, up about **2 cents** today, and the market has now climbed in **5 straight sessions**. With energy a bit softer and the dollar easing, clean sorted loads can still draw better attention from buyers.

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.