SMASH Recycling Morning Metals Report – September 8, 2026

Prices as of September 08, 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 — $4,396/oz ▼
• Silver — $65.91/oz ▼
• PGMs — Rh ▲ $9,475 · Pt ▲ $1,820 · Pd ▼ $1,347
• Copper — $6.81/lb ▲
• Aluminum — $1.51/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3840

SMASH Recycling Takeaways for Today

• Gold & Silver — With both prices down, tighten spreads and move clean, documented lots rather than getting cute on timing.
• PGMs — Mixed board today, so price your cats by metal content and current sheet, not by last week’s number.
• Copper — Price is up about 14 cents; this is a good day to ship prepared copper loads instead of sitting on them.
• Aluminum — With aluminum lifting, push non-ferrous BOLs out the door and clear light gauge and cast while buyers are bidding.
• Big Picture — Four metals up, three down, one flat — use auctions and multiple vetted buyers to let the market set your number.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $98.74/bbl, up $2.91 (+3.04%) day-over-day.

US Dollar Index (DXY): 98.95, down 0.61 (-0.61%) day-over-day.

**Oil is flashing “pay attention” at you this morning.**

Brent is pushing $98.74, up about 3% on the day and up hard over the past week. That’s fuel costs, shredder costs, and truck costs all creeping higher while auto output stays soft. Higher energy with weaker auto production is not the mix you want when you’re trying to move cats, cores, and non‑ferrous.

The risk side is mixed. The dollar index is easing a bit, but the broader dollar and USD/CAD stay firm, so export flows and cross‑border deals still feel tight. Yields are off recent highs, but real rates are strong, which has been a drag on gold and silver and can keep risk appetite cautious. For you, that means stay sharp on BOLs, packing lists, and inventory quality — buyers are picky when energy is hot and money isn’t cheap.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,396/oz, down $32.60 (-0.74%) day-over-day. Previous close: $4,429/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is slipping again, down to **$4,396/oz**, off about **0.7%** today. For you, that means buyers may lean harder on your price if you’re selling gold scrap right now. The tape has been weak 3 of the last 5 sessions, even with oil ripping higher, so don’t count on a fast bounce.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $65.91/oz, down $0.3055 (-0.46%) day-over-day. Previous close: $66.22/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 66.7:1.

Silver is drifting lower again, now around **$65.91/oz**, down about 31 cents on the day. You’re not seeing a panic move, just a slow fade, with silver down in **3 of the last 5 sessions** and the gold/silver ratio sitting near **66.7:1**, which keeps silver looking cheap next to gold. With Brent oil pushing **$98.74** and the dollar slipping, watch for scrap buyers to stay picky on grades and documentation; clean, well-documented silver lots should still move even in this softer tape.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,820/oz, up +$4.00 (+0.22%) day-over-day. Previous close: $1,816/oz. MoM: +6.5%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,347/oz, down $21.00 (-1.54%) day-over-day. Previous close: $1,368/oz. MoM: +1.5%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,475/oz, up +$75.00 (+0.80%) day-over-day. Previous close: $9,400/oz. MoM: +11.8%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

Platinum and rhodium are firm today, while palladium is taking a breather. Platinum is edging higher at **$1,820/oz**, and rhodium is grinding up to **$9,475/oz**, which supports decent cat values if you’re selling documented, clean cores with photos and serial tracking. Palladium is soft at **$1,347/oz**, and with oil pushing **$98.74 Brent**, you should expect mixed PGM bids and lean on real auction competition, not one buyer’s guess.

Copper — Current Indicators

• COMEX/Spot Copper: $6.81/lb, up +$0.1395 (+2.09%) day-over-day. Previous close: $6.67/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is up again, sitting around **$6.81/lb**, about 14 cents higher on the day. You’re seeing a slow grind higher, with 3 up sessions in the last 5 and a softer U.S. dollar plus hot oil reminding everyone that input costs and macro risk are still in the picture. Use this firmness to test more buyers, not just one phone call and a guess.

Aluminum — Current Indicators

• LME Aluminum: $3,326/tonne ($1.51/lb), up +$0.0150 (+1.00%) day-over-day. Previous close: $1.49/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

**Aluminum is drifting higher, not spiking — steady money if you stay plugged in.** Aluminum is around **$1.51/lb**, up about **2 cents** today and higher in **4 of the last 5 sessions**, so the tape is firm but not crazy. Oil is pushing **$98.74** and the dollar is a bit softer, which can keep pressure under light metals like aluminum, so you should watch your extrusions and sheet and be ready to move clean, documented loads when buyers start asking.

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.