SMASH Recycling Morning Metals Report – September 1, 2026

Prices as of September 01, 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 — $4,370/oz ▼
• Silver — $65.02/oz ▼
• PGMs — Rh ▲ $9,050 · Pt ▼ $1,764 · Pd ▼ $1,316
• Copper — $6.61/lb ▼
• Aluminum — $1.48/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3866

SMASH Recycling Takeaways for Today

• Gold & Silver — Big pullback. Don’t chase. Tighten spreads, pay down on mixed jewelry and low-grade, and move clean, documented cats fast before bids slip further.
• PGMs — All the main PGMs are red except rhodium. Hold borderline converter loads; prioritize auctions on clean, well‑tagged cores and cats where rhodium exposure is higher.
• Copper — Price dipped about 9 cents. Don’t panic. Keep negotiating spreads tighter, push well‑graded, photo‑documented non‑ferrous through competitive auctions, and avoid locking long‑term prices today.
• Aluminum — Up about a cent. Use it. Move baled, clean aluminum now, and separate and document higher grades so buyers can bid harder in auction.
• Big Picture — Mixed board: 2 metals up, 5 down, 1 flat — stay selective, use SMASH auctions to let competition reveal the real market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.05/bbl, up $3.53 (+3.99%) day-over-day.

US Dollar Index (DXY): 99.61, up 0.45 (+0.45%) day-over-day.

**Oil is waking up. Risk is back on the table for your yard.**

Brent ripped higher to **$92** with a near 4% jump. Energy is getting more expensive again, which hits shredding, hauling, and every diesel mile you drive. The U.S. dollar is still firm, with DXY just under 100, and USD/CAD at 1.39, so cross-border buyers feel that currency drag on bids.

Rates are still high and inching up. The 10-year is at **4.73%**, the 2-year at **4.34%**, and real yields over 2% keep pressure on gold and silver. That means more “risk-off” noise in the background, even as consumer sentiment and industrial production tick up.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,370/oz, down $77.40 (-1.74%) day-over-day. Previous close: $4,447/oz.
• 5-day trend: ↓ 5 of last 5 sessions.

Gold is still sliding. You’re looking at about **$4,370/oz**, down **$77** today, and lower 5 days straight. With the dollar stronger and **oil waking up** around **$92/bbl**, money is moving out of precious metals, not into them. If you’ve got gold cats, boards, or jewelry, expect buyers to stay cautious and lean hard on your documentation and photos.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $65.02/oz, down $1.53 (-2.31%) day-over-day. Previous close: $66.56/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.2:1.

Silver is **down to $65.02/oz**, off about 2% today, with 3 red sessions in the last week. The dollar is firm and gold is soft, so buyers will stay cautious and use that to push bids down on mixed silver loads. Clean, well-documented silver cores and cats will still move — focus on tight photos, weights, and packing lists to keep serious buyers at the table.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,764/oz, down $26.00 (-1.45%) day-over-day. Previous close: $1,790/oz. MoM: +7.3%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,316/oz, down $29.00 (-2.16%) day-over-day. Previous close: $1,345/oz. MoM: +4.8%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,050/oz, up +$50.00 (+0.56%) day-over-day. Previous close: $9,000/oz. MoM: +9.7%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

PGM prices are soft today, so you should expect buyers to stay cautious on your cats and cores. Platinum and palladium are both drifting lower on the week, helped by a firm dollar and oil waking up, while rhodium is the one bright spot, grinding higher and keeping selective demand alive for well-documented rhodium-rich material.

Copper — Current Indicators

• COMEX/Spot Copper: $6.61/lb, down $0.0870 (-1.30%) day-over-day. Previous close: $6.69/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Copper is drifting lower again, down about 9 cents today to **$6.61/lb**. The stronger U.S. dollar and firm oil are pressuring metals, and copper has slipped in 3 of the last 5 sessions. If you’re holding decent #2 or insulated, expect buyers to lean on this dip and bid a little tighter on your next load.

Aluminum — Current Indicators

• LME Aluminum: $3,271/tonne ($1.48/lb), up +$0.0116 (+0.79%) day-over-day. Previous close: $1.47/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Aluminum is up again, sitting around **$1.48/lb**, about a cent higher today. Oil is waking up with Brent near **$92**, and aluminum has climbed in 3 of the last 5 sessions, so watch for buyers to get a bit more cautious on dirty, mixed loads and pay up mainly for clean, documented non‑ferrous.

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.