SMASH Recycling Morning Metals Report – September 15, 2026

[DATA ALERT: Rhodium: settled -1.29% away from the 2026-09-14 morning print ($9,675.00 -> $9,550.00) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 15, 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.

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• Gold — $4,274/oz ▼
• Silver — $63.15/oz ▼
• PGMs — Rh ▸ $9,550 · Pt ▼ $1,755 · Pd ▲ $1,272
• Copper — $6.41/lb ▲
• Aluminum — $1.47/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3909

SMASH Recycling Takeaways for Today

• Gold & Silver — With both down again, don’t chase higher cats and jewelry numbers; tighten spreads and move clean, documented lots.
• PGMs — Palladium up, others soft and rhodium flat; sort and photo your mixed PGM cats so buyers can bid line-by-line, not by guess.
• Copper — Price is slightly higher but still off last week’s slide; lock in strong #1 and bare bright loads instead of waiting for a big bounce.
• Aluminum — With another small dip, clear your segregated 6063 and sheet now; avoid sitting on mixed, dirty aluminum that buyers discount hardest.
• Big Picture — Only 2 of 8 metals higher today, so treat this as a selective market: sell clean, documented material and expect pickier bids.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $101.57/bbl, down $4.67 (-4.40%) day-over-day.

US Dollar Index (DXY): 99.63, up 0.54 (+0.54%) day-over-day.

**Oil just took a $4+ hit. That’s your main macro signal today.**

Brent is back near $101, down over 4% on the day. That’s a sharp move after last week’s push over $109, and it takes some heat out of the diesel and freight story for now. But with CPI still climbing and gold/silver tied to real yields, macro risk is still loud in the background.

The dollar is firm, with DXY up and USD/CAD near 1.39, so export flows and cross‑border deals stay tricky. Yields are pushing toward 5%, real rates near 2.6%, which keeps pressure on risk assets even as energy cools off. Keep one eye on fuel, the other on funding costs and FX before you lock in big cats or non‑ferrous loads.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,274/oz, down $21.40 (-0.50%) day-over-day. Previous close: $4,295/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is drifting lower again, now around **$4,274/oz**, down about half a percent today. With the dollar firmer and oil taking a hit, traders are backing off a bit, so expect buyers to stay picky on gold scrap loads and premiums until the trend steadies.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.15/oz, down $0.0540 (-0.09%) day-over-day. Previous close: $63.20/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.7:1.

**Silver is softer today, and that can make scrap buyers lean harder on price.** Silver is at **$63.15/oz**, down just **5 cents** on the day, with the **gold/silver ratio at 67.7:1** and the market down in **3 of the last 5 sessions**. For sellers, that means less urgency and more room for buyers to test the bid.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,755/oz, down $6.00 (-0.34%) day-over-day. Previous close: $1,761/oz. MoM: +1.0%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,272/oz, up +$5.00 (+0.39%) day-over-day. Previous close: $1,267/oz. MoM: -4.4%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $9,550/oz, flat day-over-day. Previous close: $9,550/oz. MoM: +9.6%.
• Rhodium 5-day trend: ↑ 2 of last 5 sessions.

**PGMs are split, but the tape is not friendly.** Platinum is down to **$1,755/oz**, and the dollar is firmer, so sellers are not getting much help. Palladium is up to **$1,272/oz**, while rhodium is flat at **$9,550/oz**; with oil under pressure in the broader macro, this looks like a market where buyers can stay picky.

Copper — Current Indicators

• COMEX/Spot Copper: $6.41/lb, up +$0.0055 (+0.09%) day-over-day. Previous close: $6.40/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **$6.41/lb**, up less than a cent, with 3 wins in the last 5 sessions. For you, this is a slow grind market, not a breakout. Price slipped from last week, so stay tight on grades, photos, and VIN/serials, and use more than one buyer to see who really wants your bright and #2.

Aluminum — Current Indicators

• LME Aluminum: $3,236/tonne ($1.47/lb), down $0.0062 (-0.42%) day-over-day. Previous close: $1.47/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

Aluminum is **drifting lower**, sitting around **$1.47/lb**, down less than a cent today. Four down days in the last five sessions say buyers are staying cautious, even with oil still over $100/bbl at $101.57, so don’t expect them to chase loose grades right now. If you’ve got clean extrusion or segregated non‑ferrous ready, use tight photos and solid packing lists to give buyers confidence and let competition reveal the real market level.

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.