SMASH Recycling Morning Metals Report – September 4, 2026

[DATA ALERT: Silver: settled +1.73% away from the 2026-09-03 morning print ($65.85 -> $66.98) — this move was never published in an article (unpublished settle step); Platinum: settled +3.00% away from the 2026-09-03 morning print ($1,765.00 -> $1,818.00) — this move was never published in an article (unpublished settle step); Palladium: settled +3.93% away from the 2026-09-03 morning print ($1,349.00 -> $1,402.00) — this move was never published in an article (unpublished settle step); Copper: settled +0.76% away from the 2026-09-03 morning print ($6.62 -> $6.67) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 04, 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 — $4,467/oz ▼
• Silver — $66.93/oz ▼
• PGMs — Rh ▸ $9,400 · Pt ▼ $1,807 · Pd ▼ $1,391
• Copper — $6.66/lb ▼
• Aluminum — $1.49/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3789

SMASH Recycling Takeaways for Today

• Gold & Silver — Use today’s small dip to move clean, documented cats and bullion; don’t dump mixed low-grade just to chase pennies.
• PGMs — With platinum and palladium down and rhodium flat, tighten VIN and serial tracking on cat loads and sell well-documented cores, not loose buckets.
• Copper — Price your non-ferrous tighter today; move clean #1 and stripped wire, but don’t fire-sale borderline material with this mild pullback.
• Aluminum — With prices slipping, separate your clean extrusion and sheet from dirty cast; ship the well-sorted loads now and hold the borderline stuff.
• Big Picture — 0 of 8 metals higher, 6 lower, 2 flat — trim weak material, sell only clean, documented loads, and lean on competition for price discovery.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $94.82/bbl, down $1.06 (-1.11%) day-over-day.

US Dollar Index (DXY): 99.05, down 0.38 (-0.38%) day-over-day.

**Oil is still rich, but the real stress is rates and risk.**

Brent sits just under $95, off a buck on the day but still high after this week’s jump. Energy stays expensive, even with a soft dollar and DXY under 100, which helps importers but keeps your yard costs firm.

Yields are the real tell. The 10‑year real rate sits above 2%, so cash pays you and gold only moves when fear kicks in. Auto production is slipping, consumer mood is weak, and central banks keep buying gold, so risk feels higher even if the Fed is parked.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,467/oz, down $5.00 (-0.11%) day-over-day. Previous close: $4,472/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is **soft today**, sitting around $4,467/oz, down a hair on the day. Oil is still rich and rates are the real stress, so don’t expect a clean breakout here; treat gold loads as steady cash flow, not lottery tickets, and move clean, documented material when buyers show interest.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $66.93/oz, down $0.0565 (-0.08%) day-over-day. Previous close: $66.98/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 66.7:1.

Silver is sitting around **$66.93/oz**, down a hair today, but still grinding higher over 3 of the last 5 sessions. For you, that means silver loads and mixed non-ferrous with good silver content still deserve tight grading and clear photos. Oil is still rich and trucking isn’t cheap, so treat silver as steady money, not a moonshot, and use SMASH to get real bids instead of guessing on one local buyer.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,807/oz, down $11.00 (-0.61%) day-over-day. Previous close: $1,818/oz. MoM: +7.8%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,391/oz, down $11.00 (-0.78%) day-over-day. Previous close: $1,402/oz. MoM: +7.3%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,400/oz, flat day-over-day. Previous close: $9,400/oz. MoM: +12.8%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

PGM prices are soft today, so don’t chase cat numbers too high. Platinum and palladium are both down again, while rhodium is holding flat but has ticked up most of this week. With Brent still rich around $94.82 and rates stressing the market, expect buyers to stay picky and lean on auction data before stepping up.

Copper — Current Indicators

• COMEX/Spot Copper: $6.66/lb, down $0.0135 (-0.20%) day-over-day. Previous close: $6.67/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s holding up, but today’s move says “don’t get greedy.”** Copper is at **$6.66/lb**, down about a cent on the day, but it’s still up in **3 of the last 5 sessions**. With oil still rich and rates driving most of the stress, treat this dip as a reminder to stay disciplined on how you price your cats, wire, and other non-ferrous — not a reason to fire-sale good copper loads.

Aluminum — Current Indicators

• LME Aluminum: $3,288/tonne ($1.49/lb), down $0.0141 (-0.94%) day-over-day. Previous close: $1.51/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum slipped today, but the market isn’t falling apart.** Aluminum is about **$1.49/lb**, down a cent, even though Brent oil is still rich near **$95/bbl**, and the US dollar eased. Rates and general risk are the real drag right now, but aluminum has risen in **3 of the last 5 sessions**, so you should still watch bids and keep moving clean non‑ferrous loads while demand 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.