SMASH Recycling Morning Metals Report – August 7, 2026

Prices as of August 07, 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 — $4,310/oz ▲
• Silver — $64.05/oz ▲
• PGMs — Rh ▲ $8,650 · Pt ▲ $1,738 · Pd ▼ $1,346
• Copper — $6.64/lb ▼
• Aluminum — $1.48/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4018

SMASH Recycling Takeaways for Today

• Gold & Silver — Silver’s been the better mover. Move clean precious lots now and don’t sit on small swings. If you’ve got documented loads, test bids while the market is still bid-heavy.
• PGMs — Platinum is up, rhodium is up, and palladium is down. Split the basket, price each PGM on its own, and don’t lump mixed catalyst or assay-sensitive material together.
• Copper — Copper is softer today. Lock in clean, sorted copper now before buyers get pickier on mixed grades and deductions.
• Aluminum — Aluminum is basically flat. Keep it moving, but don’t chase a higher number. Tight sort and clean docs still matter more than waiting.
• Big Picture — 4 of 8 metals are higher today, but the tape is mixed, so sell the strong stuff and stay disciplined on marginal loads.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $82.01/bbl, down $1.32 (-1.58%) day-over-day.

US Dollar Index (DXY): 99.87, down 0.09 (-0.09%) day-over-day.

**Energy is softer, and that takes some heat out of freight and melt costs.** Brent is at **$82.01/bbl**, down **1.58%** on the day, while the **USD/CAD** sits at **1.4018** and the **DXY** is just under **100** at **99.87**. Brent has also eased from the recent FRED print, which keeps the energy tone a bit lighter for the scrap side.[1][2]

**Risk looks mixed, not clean.** The **10Y yield** is holding at **4.63%**, and inflation expectations are still near **2.26%**, so the market is not pricing easy money yet. Real rates stay positive, the dollar is still firm on the broad index, and that can cap some metals upside even as oil backs off.[2]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,310/oz, up +$69.80 (+1.65%) day-over-day. Previous close: $4,240/oz.
• 5-day trend: ↑ 4 of last 5 sessions.

**Gold is still bid, and that matters for clean scrap loads.** At **$4,310/oz**, gold is up **$69.80** on the day and has closed higher in **4 of the last 5 sessions**, so sellers should keep moving good gold-bearing material while the market has momentum.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $64.05/oz, up +$2.53 (+4.12%) day-over-day. Previous close: $61.52/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 67.3:1.

**Silver is hot again, but this is still a seller’s market, not a hold-and-hope one.** Spot silver is **$64.05/oz**, up **4.12%** today and higher in **4 of the last 5 sessions**, while the **gold/silver ratio at 67.3:1** says silver is still catching up. With energy softer and freight a bit easier, this is a good time to move silver-bearing loads, cores, and documented e-scrap while the bids are lively.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,738/oz, up +$22.00 (+1.28%) day-over-day. Previous close: $1,716/oz. MoM: +9.8%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,346/oz, down $8.00 (-0.59%) day-over-day. Previous close: $1,354/oz. MoM: +11.9%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,650/oz, up +$75.00 (+0.87%) day-over-day. Previous close: $8,575/oz. MoM: +5.5%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

**PGM values are mixed, so you need to be sharp on cats and cores.** Platinum is up to **$1,738/oz** and rhodium is firm at **$8,650/oz**, while palladium slipped to **$1,346/oz**. The five-day trend is still better on platinum and rhodium, but softer energy and freight costs can help keep your buy side a little cleaner.

Copper — Current Indicators

• COMEX/Spot Copper: $6.64/lb, down $0.0800 (-1.19%) day-over-day. Previous close: $6.72/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **$6.64/lb**, down about 8 cents today, but the 5-day trend is still mixed with **3 of the last 5 sessions up**. Energy is softer, so that takes some heat out of freight and melt costs, and sellers should watch for better bids on clean, well-documented copper loads.

Aluminum — Current Indicators

• LME Aluminum: $3,270/tonne ($1.48/lb), up +$0.0002 (+0.01%) day-over-day. Previous close: $1.48/lb.
• 5-day trend: ↑ 5 of last 5 sessions.

**Aluminum is still grinding higher, but this is a slow move, not a wild run.** It sits at **$1.48/lb**, up just a hair, and it has closed higher in **5 of the last 5 sessions**.[1] For scrap sellers, that means the market has a firm tone, but energy is softer, so freight and melt costs are not adding much extra heat right now.[1] Clean loads, tight sort, and good docs still matter when buyers are picking through the pile.

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.