SMASH Recycling Morning Metals Report – August 24, 2026

Prices as of August 24, 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.

Jump to:

• Gold — $4,658/oz ▲
• Silver — $69.32/oz ▲
• PGMs — Rh ▸ $8,800 · Pt ▼ $1,873 · Pd ▼ $1,330
• Copper — $6.60/lb ▲
• Aluminum — $1.47/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3760

SMASH Recycling Takeaways for Today

• Gold & Silver — Keep premium lots tight. Gold jumped to $4,658 and silver to $69.32. Clean, tested, documented material should be priced off the stronger tape, not last week’s numbers.
• PGMs — Don’t dump mixed catalyst or dirty PGM lots too fast. Platinum and palladium are softer, while rhodium is flat. Hold the clean stuff back and push for better competition.
• Copper — Copper is up to $6.60. Move clean, sorted copper while the market is firm. Stop leaving value in dirty loads, and use photo docs plus good BOLs to back the grade.
• Aluminum — Aluminum slipped to $1.47. Ship only clean, sorted aluminum. Keep painted, mixed, and dirty material out of the same pile if you want better price discovery.
• Big Picture — Three of eight metals are higher today, so the tape is mixed; sell clean, documented lots into strength and use competition to find the real market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $93.06/bbl, down $0.8100 (-0.86%) day-over-day.

US Dollar Index (DXY): 98.96, up 0.13 (+0.13%) day-over-day.

**Energy is off the highs, but risk is still running hot.**

Brent is just over **$93**, down about **0.8%**, but still above last week’s **$95** print. Fuel costs stay elevated even with this dip, so don’t plan on cheaper freight bailing out weak bids.

The **10-year** sits near **4.7%**, with real yields around **2.35%** – that keeps pressure on risk assets and supports gold. The **dollar** is firm on DXY near **99**, and USD/CAD around **1.38**, so cross-border moves still feel the currency bite.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,658/oz, up +$55.20 (+1.20%) day-over-day. Previous close: $4,602/oz.
• 5-day trend: ↑ 4 of last 5 sessions.

**Gold keeps grinding higher.** It’s at **$4,658/oz**, and the 5-day trend is up in **4 of 5 sessions**. For scrap sellers, that means the market still wants clean, documented lots, while the old guess-and-call way leaves money on the table.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $69.32/oz, up +$0.3350 (+0.49%) day-over-day. Previous close: $68.99/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 67.2:1.

Silver is still climbing, and that helps your clean silver move. Spot **silver is about $69.32/oz**, up roughly **34 cents** today, with gains in **4 of the last 5 sessions**. With the **gold/silver ratio near 67:1** and energy off the highs but risk still hot, buyers may stay active if you’ve got documented silver, tested cores, and photo-backed inventory ready to ship.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,873/oz, down $4.00 (-0.21%) day-over-day. Previous close: $1,877/oz. MoM: +18.2%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,330/oz, down $1.00 (-0.08%) day-over-day. Previous close: $1,331/oz. MoM: +8.4%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,800/oz, flat day-over-day. Previous close: $8,800/oz. MoM: +6.7%.
• Rhodium 5-day trend: → flat over last 5 sessions.

PGM prices are mixed today, so you need to stay picky with what you ship. Platinum is still strong near **$1,873/oz** with a small dip, while palladium is softer and has slipped in **3 of the last 5 sessions**, so don’t chase weak cats just to move volume. Rhodium is flat around **$8,800/oz**, so treat it like a stable bonus metal in well-documented loads, not a driver for your pricing today.

Copper — Current Indicators

• COMEX/Spot Copper: $6.60/lb, up +$0.0175 (+0.27%) day-over-day. Previous close: $6.58/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **up again**, sitting around **$6.60/lb**, about 2 cents higher today. You’ve now seen gains in 3 of the last 5 sessions, even with energy off the highs and Brent holding near $93, so this is a steady grind, not a melt-up. If you’ve been waiting on clean copper, this is a decent spot to check your numbers and see what buyers are really willing to pay.

Aluminum — Current Indicators

• LME Aluminum: $3,240/tonne ($1.47/lb), down $0.0040 (-0.27%) day-over-day. Previous close: $1.47/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Aluminum is **basically flat at $1.47/lb**, ticking down less than a cent today in a slow market. Energy is off the highs and the US dollar is firm, so buyers are cautious, but not panicked — Brent is still just over **$93/bbl**, and aluminum has mostly chopped lower in 3 of the last 5 sessions instead of breaking hard.

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.