Smash Scrap Morning Metals Report – August 10, 2026

Prices as of August 10, 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 — $4,326/oz ▼
• Silver — $63.88/oz ▲
• PGMs — Rh ▸ $8,650 · Pt ▼ $1,738 · Pd ▼ $1,343
• Copper — $6.63/lb ▲
• Aluminum — $1.50/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3943

Smash Scrap Takeaways for Today

• Gold & Silver — Gold is softer today, so don’t sit on mixed precious-metal lots hoping for a bounce; move clean, documented silver and gold-bearing material while bids are still active. Sort out plated, dirty, and mixed pieces first, then compare buyers so you are not taking the first number.
• PGMs — Platinum and palladium are both lower, while rhodium is flat, so protect margin by separating converters, keeping traceability tight, and holding back weak or contaminated lots until you have enough weight to matter. Clean, verified loads get better attention than mystery piles.
• Copper — Copper is up, so push clean #1 copper, stripped wire, and sorted yellow brass now instead of burying them in mixed non-ferrous. Strip attachments, keep grades separate, and get multiple bids before the market cools.
• Aluminum — Aluminum is firm, so clean, dry, sorted aluminum should be staged for sale now. Pull out steel, plastic, and dirt before you move it, because contamination cuts the bid fast.
• Big Picture — 3 of 8 metals higher today, 3 lower, and 2 flat, so the tape is mixed and selective sorting still wins.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $84.88/bbl, up $2.61 (+3.17%) day-over-day.

US Dollar Index (DXY): 99.73, up 0.04 (+0.04%) day-over-day.

**Energy is hot again, and that usually keeps freight and processing costs under pressure.** Brent is up to **$84.88** a barrel, while the dollar is still firm with **DXY at 99.73** and **USD/CAD at 1.3943**. That mix can squeeze margins on imported metal and keep buyers picky on weaker grades.[1]

Rates are not giving the market much comfort either. The **10-year yield is 4.69%** and the **2-year is 4.25%**, which keeps real borrowing costs high. Risk appetite is still capped, but clean, documented scrap can still clear when buyers need tonnage and the paper market is moving.[2]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,326/oz, down $14.90 (-0.34%) day-over-day. Previous close: $4,341/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold is still hot, but today’s tape is a little softer.** Spot is **$4,326/oz**, down **$14.90**, yet it has still gained in **3 of the last 5 sessions**. For scrap sellers, that means decent price discovery is still in play, but with **Brent at $84.88** and a firm dollar, watch freight and buyer margins closely.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.88/oz, up +$0.2995 (+0.47%) day-over-day. Previous close: $63.58/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 67.7:1.

**Silver is still firm, and that keeps clean lots in play.** Spot is **$63.88/oz**, up about **30 cents**, and the market has risen in **4 of the last 5 sessions**. With **energy hot again** and costs under pressure, sellers should keep silver sorted, documented, and ready to move when bids are strong.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,738/oz, down $5.00 (-0.29%) day-over-day. Previous close: $1,743/oz. MoM: +7.0%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,343/oz, down $14.00 (-1.03%) day-over-day. Previous close: $1,357/oz. MoM: +6.6%.
• Palladium 5-day trend: ↑ 4 of last 5 sessions.
• Rhodium (Rh): $8,650/oz, flat day-over-day. Previous close: $8,650/oz. MoM: +5.5%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

PGM prices are mixed, but the tape is still soft for sellers. Platinum is at **$1,738/oz** and palladium is at **$1,343/oz**, both down today, while rhodium is flat at **$8,650/oz**. The 5-day trend is still better than today’s drop, but with **Brent at $84.88** and a firm dollar, costs stay sticky and bids can stay cautious.

Copper — Current Indicators

• COMEX/Spot Copper: $6.63/lb, up +$0.0435 (+0.66%) day-over-day. Previous close: $6.58/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **$6.63/lb**, up about 4 cents, and the short-term trend is still firm. Energy is hot again, so freight and processing costs stay under pressure, which can keep buyers cautious even as copper holds a positive tone.

Aluminum — Current Indicators

• LME Aluminum: $3,318/tonne ($1.50/lb), up +$0.0188 (+1.26%) day-over-day. Previous close: $1.49/lb.
• 5-day trend: ↑ 5 of last 5 sessions.

**Aluminum is firm, and clean metal is getting the nod.** Prices are at **$1.50/lb**, up about **2 cents** and higher for **5 straight sessions**, so sellers with clean, dry loads should stay sharp. Brent is also at **$84.88/bbl**, and that keeps freight and processing costs under pressure, which can support better scrap pricing.

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.