Smash Scrap Morning Metals Report – April 24, 2026

Prices as of April 24, 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 — $4,712/oz ▲
• Silver — $76.07/oz ▲
• PGMs — Rh ▸ $10,150 · Pt ▼ $1,994 · Pd ▲ $1,470
• Copper — $6.02/lb ▼
• Aluminum — $1.64/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3688

Smash Scrap Takeaways for Today

• Gold & Silver — Sell now. Both metals gained today and remain supported. Gold is up 0.38% and silver up 0.84%. Lock in these gains rather than wait for bigger moves.[4]
• PGMs — Hold palladium, reassess platinum. Palladium jumped 1.17% today and shows strength. Platinum dropped 0.45% and offers better entry points soon. Wait on platinum sales.[3][4]
• Copper — Sell in smaller lots over the next few days. Copper is down slightly today but remains supported by industrial demand. Avoid dumping everything at once.[4]
• Aluminum — Better prices coming in 3-5 days. Aluminum fell another 0.37% today. Continue waiting for stabilization before making major sales. Patience pays here.[4]
• Big Picture — Market is mixed with 3 metals up and 3 down; hold strong materials and time sales strategically for spring demand.[3]

Macro Backdrop — Energy and Risk

Brent Crude Oil: $98.57/bbl, down $8.08 (-7.58%) day-over-day.

**Macro Backdrop — Energy and Risk**

Brent crude oil fell to $98.57 per barrel, down $8.08 or 7.58%.[Data] This drop eases some pressure on scrap metal costs from energy, but prices stay high near $100 amid Iran tensions and Strait of Hormuz risks.[1][2] Auto production slipped to 102.63, down 3.98 points, which may slow scrap steel demand from cars.[Data]

USD/CAD holds at 1.3688, while inflation expectations rose to 2.42% and CPI hit 330.29.[Data] Gold dips on bearish news, but silver imports to China jumped 78% as buyers scramble.[Recent headlines] Risk stays high—watch oil rebounds and weak auto output for scrap impacts.[1][Data]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,712/oz, up +$17.87 (+0.38%) day-over-day. Previous close: $4,694/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold prices are near **record highs at $4,712 per ounce**, making scrap gold worth more than ever before[2][3]. The scrap gold recycling market is booming, with demand hitting a nine-year high in early 2025 as investors and buyers compete for available inventory[2]. If you have old jewelry, coins, or electronic scrap gold, now is an excellent time to sell directly to a gold dealer for the best payout based on current weight, purity, and the live spot price[5].

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $76.07/oz, up +$0.6360 (+0.84%) day-over-day. Previous close: $75.44/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 61.9:1.

Silver spot price rose to **$76.07 per ounce**, up 64 cents or **0.84%** today despite dips in 3 of the last 5 sessions. Brent crude oil fell to **$98.57 per barrel**, easing some energy costs for scrap processing amid high prices near $100, while refining backlogs and strong industrial demand from solar and EVs create selling hurdles for scrap sellers. Hold silver scrap for now as prices stay supported, but shop yards carefully for top payouts.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,994/oz, down $9.00 (-0.45%) day-over-day. Previous close: $2,003/oz. MoM: +3.6%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,470/oz, up +$17.00 (+1.17%) day-over-day. Previous close: $1,453/oz. MoM: +5.2%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $10,150/oz, flat day-over-day. Previous close: $10,150/oz. MoM: -6.0%.
• Rhodium 5-day trend: ↑ 1 of last 5 sessions.

**PGM prices show mixed signals for scrap sellers today.** Platinum fell to $1,994 per ounce, down 0.45%, with drops in 4 of the last 5 days, while palladium rose to $1,470 per ounce, up 1.17%, gaining in 3 of 5 sessions; rhodium stayed flat at $10,150 per ounce.[Data] Lower crude oil at $98.57 per barrel eases some costs, but scrap sellers should watch for better platinum selling chances soon as auto output slips.[Data][2]

Copper — Current Indicators

• COMEX/Spot Copper: $6.02/lb, down $0.0095 (-0.16%) day-over-day. Previous close: $6.03/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Copper scrap prices** fell to $6.02 per pound today, down less than a cent or 0.16% from yesterday. The price dropped in 4 of the last 5 days, but lower oil at $98.57 per barrel eases energy costs for scrap processing. Hold your copper scrap for now, as strong long-term demand from green tech and supply shortages point to higher prices ahead.[1][2][6]

Aluminum — Current Indicators

• LME Aluminum: $3,606/tonne ($1.64/lb), down $0.0060 (-0.37%) day-over-day. Previous close: $1.64/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

Aluminum scrap prices fell to **$1.64/lb**, down less than a cent or **0.37%** today, with weakness in **4 of the last 5 sessions**. Brent crude oil's drop to **$98.57/bbl** eases energy costs for scrap processing, but high prices near $100 keep some pressure on. Scrap sellers should watch for better entry points soon as the downtrend continues.[1][8]

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.