SMASH Recycling Morning Metals Report – September 10, 2026

[DATA ALERT: Palladium: feed suspect — screen $1,288.00 diverges 2.7% from independent spot $1,324.00 (threshold 2.5%); Silver: settled +1.82% away from the 2026-09-09 morning print ($66.08 -> $67.28) — this move was never published in an article (unpublished settle step); Platinum: settled +2.88% away from the 2026-09-09 morning print ($1,841.00 -> $1,894.00) — this move was never published in an article (unpublished settle step); Palladium: settled +1.90% away from the 2026-09-09 morning print ($1,315.00 -> $1,340.00) — this move was never published in an article (unpublished settle step); Copper: settled +1.35% away from the 2026-09-09 morning print ($6.76 -> $6.86) — this move was never published in an article (unpublished settle step); Aluminum: settled +0.77% away from the 2026-09-09 morning print ($1.51 -> $1.52) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 10, 2026 at 07:30 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 — $4,363/oz ▼
• Silver — $65.06/oz ▼
• PGMs — Rh ▲ $9,725 · Pt ▼ $1,815 · Pd ▼ $1,288
• Copper — $6.57/lb ▼
• Aluminum — $1.50/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3798

SMASH Recycling Takeaways for Today

• Gold & Silver — Move high-value lots now if you have them. Gold and silver are both down hard, so don’t sit on melt and hope for a bounce. Lock in bids, compare buyers, and use auction competition to find the market.
• PGMs — Separate platinum, palladium, and rhodium by grade. Rhodium is up, but platinum and palladium are both down, so mixed PGM boxes can hide value. Tight sorting, photo docs, and serial tracking help buyers bid cleaner.
• Copper — Push clean copper faster. Copper dropped about 29 cents, so weak pricing can spread fast through the yard. Get BOLs and load details ready, and let buyers compete instead of taking the first phone bid.
• Aluminum — Hold clean aluminum only if you have a reason. It is off again, so dirty or mixed material will get pressed harder. Use the inventory tool and packing lists so buyers know exactly what they are bidding on.
• Big Picture — Only 1 of 8 metals is higher today, so this is a seller’s market for speed, not guessing.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $104.05/bbl, up $2.00 (+1.96%) day-over-day.

US Dollar Index (DXY): 99.01, down 0.15 (-0.15%) day-over-day.

**Oil is hot again. That’s risk, not comfort.**

Brent is back over **$104** and still climbing.[Kitco][Reuters] Higher energy means more cost pressure for mills, shredders, and transport.

The dollar is a bit softer, but rates are not.[BLS][ECB Press] 10Y and 2Y yields both ticked up, real 10Y sits above **2%**, so money is still tight.[BLS] Oil up plus firm rates is a mixed backdrop: good for gold, but it keeps macro risk high for metals.[Kitco]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,363/oz, down $36.70 (-0.83%) day-over-day. Previous close: $4,400/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is slipping, but it’s still rich scrap.** Gold is at **$4,363/oz**, down about **0.8% today**, with 3 down sessions in the last 5 trading days. Oil is hot again and sitting above $100, so expect more jumpy bids and tighter margins, but not a crash in gold demand for your cats, boards, and jewelry scrap.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $65.06/oz, down $2.21 (-3.29%) day-over-day. Previous close: $67.28/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.1:1.

**Silver is off today, and that can slow the rush for scrap.** It’s at **$65.06/oz**, down **3.29%**, with the chart lower in **3 of the last 5 sessions**. The **gold/silver ratio at 67.1:1** says silver is still cheap versus gold, but this kind of pullback can make buyers more careful on the bid.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,815/oz, down $79.00 (-4.17%) day-over-day. Previous close: $1,894/oz. MoM: +4.5%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,288/oz, down $52.00 (-3.88%) day-over-day. Previous close: $1,340/oz. MoM: -4.9%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,725/oz, up +$150.00 (+1.57%) day-over-day. Previous close: $9,575/oz. MoM: +12.9%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

PGM prices are soft today, so cat values lean lower for **platinum** and **palladium** loads. Platinum is down over 4% and palladium is down almost 4%, while **rhodium** is the only bright spot, up about 1.5%. With **oil hot again** at $104, expect more price swings, so stay tight on grades and documentation when you list.

Copper — Current Indicators

• COMEX/Spot Copper: $6.57/lb, down $0.2875 (-4.19%) day-over-day. Previous close: $6.86/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper took a hit today, down about 4% to **$6.57/lb**. Oil is hot again and Brent at **$104** is keeping funds active, but that hasn’t stopped profit-taking in copper after the recent run.[MACRO][MACRO] For you, that means watch your bids and be picky on loads — market is soft today, but still showed strength 3 of the last 5 sessions.

Aluminum — Current Indicators

• LME Aluminum: $3,309/tonne ($1.50/lb), down $0.0241 (-1.58%) day-over-day. Previous close: $1.52/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Aluminum is **down to $1.50/lb today**, about 2 cents off yesterday’s level. Prices slipped, but oil is hot again and aluminum has still closed higher in 3 of the last 5 sessions, so keep clean non‑ferrous ready and watch for better bids if the energy strength holds.

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.