SMASH Recycling Morning Metals Report – September 11, 2026

[DATA ALERT: Gold: settled -1.12% away from the 2026-09-10 morning print ($4,363.20 -> $4,314.30) — this move was never published in an article (unpublished settle step); Silver: settled -2.49% away from the 2026-09-10 morning print ($65.06 -> $63.44) — this move was never published in an article (unpublished settle step); Platinum: settled -2.53% away from the 2026-09-10 morning print ($1,815.00 -> $1,769.00) — this move was never published in an article (unpublished settle step); Palladium: settled -2.10% away from the 2026-09-10 morning print ($1,288.00 -> $1,261.00) — this move was never published in an article (unpublished settle step); Aluminum: settled -0.89% away from the 2026-09-10 morning print ($1.50 -> $1.49) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 11, 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 — $4,332/oz ▲
• Silver — $63.95/oz ▲
• PGMs — Rh ▲ $9,825 · Pt ▲ $1,782 · Pd ▲ $1,292
• Copper — $6.52/lb ▼
• Aluminum — $1.47/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3822

SMASH Recycling Takeaways for Today

• Gold & Silver — Lock in strong bids on cats, boards, and jewelry today, but don’t dump clean material all at once.
• PGMs — With palladium and rhodium up, tighten grading on cores and converters and push for better spreads on high-end loads.
• Copper — Prices are basically flat; hold firm on good #1 and berry, and don’t chase volume on marginal chops.
• Aluminum — With sheet and clips weaker, slow big sales and focus on cleaner, well-packed loads that still earn premium bids.
• Big Picture — Most metals are higher today; use auctions and multiple buyers to test the market instead of guessing on one call.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $104.24/bbl, down $4.90 (-4.49%) day-over-day.

US Dollar Index (DXY): 99.16, up 0.32 (+0.32%) day-over-day.

**Oil just buckled, but the risk picture didn’t go away.**

Brent slid back near **$104**, giving up almost **5%** overnight. That takes some heat off fuel and trucking, but it’s still expensive energy. Yields are grinding higher again, with the **10‑year near 4.8%** and inflation expectations edging up. That combo keeps pressure on financing, autos, and industrial demand.

The dollar is firm, with **DXY up** and **USD/CAD at 1.38**, so cross‑border buyers feel more rate and FX risk. Gold and silver are selling off as **real yields sit above 2%**, which fits the recent pressure on precious scrap. Bottom line for you: energy is off the highs, but money is not cheap, and risk assets are jumpy. Stay tight on BOLs, photos, and packing lists so buyers can still step up when risk goes up.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,332/oz, up +$18.20 (+0.42%) day-over-day. Previous close: $4,314/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still rich, but it’s getting choppy.** Spot gold is around **$4,332/oz**, up about **0.4%** today, but it has slipped in **3 of the last 5** sessions. For you, that means steady money in cats, boards, and jewelry, but expect jumpier bids and tighter margins as buyers watch both **oil near $104** and the stronger dollar.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.95/oz, up +$0.5070 (+0.80%) day-over-day. Previous close: $63.44/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.7:1.

Silver is up today, trading around **$64/oz**, but the move is small and the trend is still choppy. The gold/silver ratio near **68:1** says silver is lagging gold, and three down days in the last week back that up, so expect bids to stay jumpy even with today’s bump.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,782/oz, up +$13.00 (+0.73%) day-over-day. Previous close: $1,769/oz. MoM: +2.5%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,292/oz, up +$31.00 (+2.46%) day-over-day. Previous close: $1,261/oz. MoM: -4.6%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,825/oz, up +$100.00 (+1.03%) day-over-day. Previous close: $9,725/oz. MoM: +13.5%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

**PGMs are up today, but this doesn’t feel like a breakout.** Platinum and palladium both bounced, but they’ve been weak in 3 of the last 5 sessions, so don’t chase every cat higher off one green day. Rhodium is the firmer leg here, with most recent sessions up, but with oil slipping back near **$104**, the broader risk mood is still cautious, so treat today’s strength as price discovery, not a new floor.

Copper — Current Indicators

• COMEX/Spot Copper: $6.52/lb, down $0.0015 (-0.02%) day-over-day. Previous close: $6.52/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Copper is holding near **$6.52/lb**, basically flat, but the tone is still a bit soft. You’ve now seen prices slip in **3 of the last 5 sessions**, and oil just buckled back near **$104**, so the big fear trade cooled but didn’t disappear. That kind of backdrop usually means buyers stay picky and push harder on spreads, so treat today like a **price-check day**, not a rush-to-dump day.

Aluminum — Current Indicators

• LME Aluminum: $3,246/tonne ($1.47/lb), down $0.0152 (-1.02%) day-over-day. Previous close: $1.49/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is softer today, and sellers should expect tighter bids.** It’s at **$1.47/lb**, down about **2 cents** and **1.02%**, with **3 of the last 5 sessions lower**. The old move is to call one buyer and hope. The SMASH move is to put the lot in front of vetted buyers and let the market speak.

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.