Smash Scrap Morning Metals Report – April 22, 2026

Prices as of April 22, 2026 at 12:31 PM UTC.

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 — $4,759/oz ▲
• Silver — $77.91/oz ▲
• PGMs — Rh ▸ $10,150 · Pt ▲ $2,083 · Pd ▲ $1,554
• Copper — $6.05/lb ▲
• Aluminum — $1.63/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3653

Smash Scrap Takeaways for Today

• Gold & Silver — Lock in gains today. Both up over 0.89% and 1.34%. Technical exhaustion signals suggest profit-taking risk ahead, so sellers should consider moving inventory before momentum fades.[1][2]
• PGMs — Platinum and palladium showing strength (+2.71% and +1.83%). Rhodium flat. Sell platinum and palladium now; don't wait for further moves as corrections often follow overbought conditions in precious metals.[1]
• Copper — Up 0.64% to $6.05/lb. Industrial metals broke below key support levels recently, signaling potential weakness ahead. Sellers should move material now rather than hold for higher prices.[4]
• Aluminum — Up 2.02% to $1.63/lb. Strong infrastructure demand supporting prices. Hold longer positions or accumulate; this metal has shown resilience despite broader commodity softness.[4]
• Big Picture — Six of eight metals higher today, but technical analysis warns of exhaustion and correction risk after the recent rally, so sellers should act on strength rather than chase further gains.[1][4]

Macro Backdrop — Energy and Risk

Brent Crude Oil: $93.79/bbl, up $0.0400 (+0.04%) day-over-day.

**Macro Backdrop — Energy and Risk**

Brent crude oil holds steady at $93.79 per barrel, up just 4 cents or 0.04% today. Steady oil prices ease some pressure on scrap metal transport costs, but risks linger from Middle East tensions closing the Strait of Hormuz. Higher oil could boost factory demand for metals if production picks up.[1][2]

The USD/CAD rate sits at 1.3653, supporting cross-border scrap flows from Canada. Key risks include falling auto production at 102.63, down sharply, which cuts scrap supply from cars. Gold and silver prices dropped amid a stronger dollar and steady 10-year yields at 4.26%, adding caution for metals markets. Profit-taking may hit gold soon.[4][5]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,759/oz, up +$41.96 (+0.89%) day-over-day. Previous close: $4,717/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold is climbing again, reaching $4,759 per ounce today with steady momentum this week.[3][4] This is great news for scrap sellers—the **scrap gold recycling market is booming**, projected to grow from $16.88 billion this year to $23.58 billion by 2030, driven by high prices and strong buyer demand.[2] If you have old jewelry or gold scrap to sell, now is a smart time to find a dealer and lock in top dollar per ounce.[3]

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $77.91/oz, up +$1.03 (+1.34%) day-over-day. Previous close: $76.88/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 61.1:1.

Silver spot price rose to **$77.91 per ounce**, up **$1.03** or **1.34%** today, even after dropping in 3 of the last 5 sessions. The gold-silver ratio sits at **61.1:1**, signaling silver's solid run versus gold. Steady Brent crude at **$93.79 per barrel** keeps transport costs in check for scrap sellers, so now's a good time to sell while prices climb.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $2,083/oz, up +$55.00 (+2.71%) day-over-day. Previous close: $2,028/oz. MoM: +11.0%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,554/oz, up +$28.00 (+1.83%) day-over-day. Previous close: $1,526/oz. MoM: +10.1%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $10,150/oz, flat day-over-day. Previous close: $10,150/oz. MoM: -6.9%.
• Rhodium 5-day trend: ↑ 3 of last 5 sessions.

**PGM prices rose today**, with platinum at $2,083/oz up 2.71%, palladium at $1,554/oz up 1.83%, and rhodium flat at $10,150/oz. Higher prices boost payouts for scrap sellers as recycling economics improve, encouraging more sales of spent autocatalysts amid steady Brent crude at $93.79/bbl that eases transport costs.[1][2] Scrap pros should shop quotes now to lock in gains before any pullbacks.[3]

Copper — Current Indicators

• COMEX/Spot Copper: $6.05/lb, up +$0.0385 (+0.64%) day-over-day. Previous close: $6.02/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Copper scrap prices hit $6.05 per pound today, up 4 cents or 0.64% from yesterday. This small gain comes despite drops in 3 of the last 5 sessions, with steady Brent crude oil at $93.79 per barrel easing transport costs for sellers. Strong demand from U.S. manufacturing and green tech keeps the market firm for scrap pros.[6][7][9]

Aluminum — Current Indicators

• LME Aluminum: $3,604/tonne ($1.63/lb), up +$0.0324 (+2.02%) day-over-day. Previous close: $1.60/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Aluminum scrap prices are holding steady at $1.63 per pound, up about 3 cents today as steady oil costs ease transport pressure on the market.[7] The global aluminum recycling market is growing fast—expected to reach 51.36 million tons by 2031—driven by strong demand from automakers, renewable energy projects, and companies seeking sustainable materials.[3] For scrap sellers, this means steady prices and solid long-term demand ahead.

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 Scrap and let vetted buyers compete for your scrap.