SMASH Recycling Morning Metals Report – May 7, 2026

Prices as of May 07, 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 — $4,738/oz ▲
• Silver — $81.53/oz ▲
• PGMs — Rh ▸ $9,950 · Pt ▲ $2,087 · Pd ▲ $1,524
• Copper — $6.22/lb ▲
• Aluminum — $1.59/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3625

SMASH Recycling Takeaways for Today

• Gold & Silver — Sell gold at $4,738/oz (+$42.70) and silver at $81.53/oz (+5.3%) now to lock in gains from today's strong rally.
• PGMs — Sell platinum at $2,087/oz (+$24) and palladium at $1,524/oz (+$2); hold rhodium steady at $9,950/oz flat.
• Copper — Sell copper scrap at $6.22/lb, up 3 cents, while prices keep climbing on demand.
• Aluminum — Hold aluminum scrap as prices dip to $1.59/lb (-1 cent); wait for rebound.
• Big Picture — 5 of 8 metals higher today; sell winners now in this bullish market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $97.44/bbl, down $4.57 (-4.48%) day-over-day.

Brent crude oil fell $4.57 to $97.44 per barrel, down 4.48% today. This drop comes on hopes for a US-Iran deal easing Middle East tensions. Lower oil prices cut trucking and processing costs for scrap yards from Detroit to Houston. It helps margins after weeks of high energy bills.

The 10-year Treasury yield eased to 4.43%. Inflation expectations dipped to 2.42%. Fed rate holds steady at 3.64%. Auto production weakened. Gold hit $4,693, up sharply as the dollar softens. This mix supports scrap demand but keeps transport costs in check for now.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,738/oz, up +$42.70 (+0.91%) day-over-day. Previous close: $4,696/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold hit $4,738 per ounce today, up $42.70 or 0.91% from yesterday, climbing in 3 of the last 5 sessions. High prices and booming recycling demand make now a great time for scrap sellers—buyers want broken jewelry, coins, and e-waste to melt down. With oil falling on US-Iran deal hopes, costs stay low to boost your payouts.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $81.53/oz, up +$4.07 (+5.26%) day-over-day. Previous close: $77.45/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 58.1:1.

Silver scrap prices hit $81.53 per ounce today, up $4.07 or 5.26% from yesterday. This strong gain bucks the drop in Brent crude oil to $97.44 per barrel on hopes for a US-Iran deal easing tensions. Scrap sellers and recyclers should sell now as silver rose in 4 of the last 5 days, with the gold-silver ratio at 58.1:1.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $2,087/oz, up +$24.00 (+1.16%) day-over-day. Previous close: $2,063/oz. MoM: +5.9%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,524/oz, up +$2.00 (+0.13%) day-over-day. Previous close: $1,522/oz. MoM: +4.3%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $9,950/oz, flat day-over-day. Previous close: $9,950/oz. MoM: -1.5%.
• Rhodium 5-day trend: → flat over last 5 sessions.

Platinum and palladium prices rose today, with platinum up 1.16% to $2,087/oz and palladium up 0.13% to $1,524/oz, while rhodium held flat at $9,950/oz. Lower oil prices from US-Iran deal hopes are easing costs for scrap processing, but strong PGM demand and tight recycling supply make now a good time for sellers to cash in. Market deficits may lift prices further, despite big stockpiles.

Copper — Current Indicators

• COMEX/Spot Copper: $6.22/lb, up +$0.0275 (+0.44%) day-over-day. Previous close: $6.19/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper scrap prices rose today to $6.22 per pound, up 3 cents or 0.44% from yesterday. This gain bucks the drop in Brent crude oil to $97.44 per barrel on hopes for a US-Iran deal easing tensions. Sellers should cash in now as copper stays strong amid tight supply and big demand from building and EVs, with gains in 3 of the last 5 days.

Aluminum — Current Indicators

• LME Aluminum: $3,501/tonne ($1.59/lb), down $0.0113 (-0.71%) day-over-day. Previous close: $1.60/lb.
• 5-day trend: → flat over last 5 sessions.

Aluminum prices edged down 1 cent to $1.59 per pound today, continuing a flat trend over the past five days. The decline appears tied to broader easing of geopolitical tensions and lower energy costs, which are reducing pressure on production expenses. Scrap sellers should watch for summer construction season demand ahead, though near-term prices may stay soft as the market stabilizes.

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).

⚠️ Note: Silver (5.3%) show unusually large day-over-day moves. Illiquid markets (e.g. rhodium) can have wide bid-ask spreads; verify with multiple sources before acting.

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.