SMASH Recycling Morning Metals Report – September 9, 2026

[DATA ALERT: Palladium: feed suspect — screen $1,315.00 diverges 2.7% from independent spot $1,352.00 (threshold 2.5%); Gold: settled -1.05% away from the 2026-09-08 morning print ($4,396.50 -> $4,350.50) — this move was never published in an article (unpublished settle step); Palladium: settled -1.41% away from the 2026-09-08 morning print ($1,347.00 -> $1,328.00) — this move was never published in an article (unpublished settle step); Zinc: settled -1.11% away from the 2026-09-08 morning print ($1.89 -> $1.86) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 09, 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 — $4,394/oz ▲
• Silver — $66.08/oz ▲
• PGMs — Rh ▲ $9,575 · Pt ▲ $1,841 · Pd ▼ $1,315
• Copper — $6.76/lb ▼
• Aluminum — $1.51/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3784

SMASH Recycling Takeaways for Today

• Gold & Silver — Push clean precious-metal material now. Sellers should move documented loads while both metals are firm and buyers are still active.
• PGMs — Sort cats and cores tight. Platinum is up, palladium is down, and rhodium is firm, so mixed PGM lots need clean IDs and photo proof before you ship.
• Copper — Ship prepared copper loads, but do not chase the market. Copper is a touch lower, so clean BOLs, good grading, and fast turn matter more than holding for a bounce.
• Aluminum — Keep aluminum moving if you have volume ready. It is flat to slightly softer, so use the bid while buyers are still paying up for documented inventory.
• Big Picture — 4 of 8 metals are higher today, so the board is mixed, and sellers should lean on competition, clean paperwork, and fast pricing.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $100.83/bbl, up $1.48 (+1.49%) day-over-day.

US Dollar Index (DXY): 98.61, down 0.39 (-0.39%) day-over-day.

**Oil at $100 puts a floor under risk. Energy is back in charge.**

Brent is pushing above $100 and still climbing. That keeps diesel costs firm and supports bids on shred and heavy melts tied to energy.[Brent]

The dollar is a bit softer, but North America stays the anchor. Yields creep higher, inflation expectations tick up, and the Fed is parked for now. That mix keeps risk-on trades alive, but you should expect more price swings in metals and FX as funds react to every macro headline.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,394/oz, up +$43.30 (+1.00%) day-over-day. Previous close: $4,350/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold is up 1% today at **$4,394/oz**, with gains in 3 of the last 5 sessions. For you, this still feels like a sideways market, not a big breakout move, and that matches what we’ve been seeing lately. With the dollar easing a bit and oil holding near **$100**, gold has a firm floor, but not a rocket ship, so you can expect steady bids on your gold-bearing scrap rather than wild swings.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $66.08/oz, up +$0.4585 (+0.70%) day-over-day. Previous close: $65.62/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 66.5:1.

Silver is quiet but firm today, up about 46 cents to **$66.08/oz** on light buying. With oil holding around **$100.83/bbl**, risk appetite is steady, and silver is drifting higher in 3 of the last 5 sessions instead of breaking out.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,841/oz, up +$31.00 (+1.71%) day-over-day. Previous close: $1,810/oz. MoM: +6.2%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,315/oz, down $13.00 (-0.98%) day-over-day. Previous close: $1,328/oz. MoM: -2.7%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,575/oz, up +$100.00 (+1.06%) day-over-day. Previous close: $9,475/oz. MoM: +11.9%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

Platinum and rhodium are firm today, while palladium is still leaking lower. Oil sitting around $100 helps put a floor under risk, so cat and core loads with higher platinum and rhodium content look steadier, but you should expect softer bids on palladium-heavy material.

Copper — Current Indicators

• COMEX/Spot Copper: $6.76/lb, down $0.0105 (-0.15%) day-over-day. Previous close: $6.78/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is sitting around **$6.76/lb**, down about a cent today, but still holding most of this week’s gains. Oil near **$100** is helping keep a floor under risk, and copper’s been up in **3 of the last 5 sessions**, so you’re still in a supported market even with today’s small dip.

Aluminum — Current Indicators

• LME Aluminum: $3,336/tonne ($1.51/lb), down $0.0004 (-0.03%) day-over-day. Previous close: $1.51/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is still steady at $1.51/lb, even with a tiny dip today.** The 5-day trend is still leaning up, so buyers are not backing away. For scrap sellers, this is a decent tape for moving clean non-ferrous loads and getting price discovery from the market.

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.