Smash Scrap Morning Metals Report – August 11, 2026

Prices as of August 11, 2026 at 07:32 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 — $4,391/oz ▼
• Silver — $64.92/oz ▼
• PGMs — Rh ▸ $8,650 · Pt ▼ $1,749 · Pd ▼ $1,352
• Copper — $6.66/lb ▲
• Aluminum — $1.53/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3942

Smash Scrap Takeaways for Today

• Gold & Silver — Move clean precious-metal lots if you have them, but don’t chase the top tick. Gold is only slightly down, while silver dropped harder, so separate out plated, jewelry, and silver-bearing material and get it in front of buyers fast.
• PGMs — Hold your line on clean platinum-group loads, but push documented material now. Platinum and palladium both slid, while rhodium stayed flat, so buyers will be pickier; good tags, photos, and lot detail matter more today.
• Copper — Sell clean copper sooner rather than later. Copper is up, and sorted bare bright, #1, and insulated grades should bring better interest than mixed or dirty loads.
• Aluminum — Sort hard and keep the contamination out. Aluminum moved higher, so clips, extrusion, and clean cast should get more attention than shred or mixed cans.
• Big Picture — 2 of 8 metals higher today; price action is mixed, so sellers should lean on clean, documented loads and use competition to find the market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $87.77/bbl, up $0.0500 (+0.06%) day-over-day.

US Dollar Index (DXY): 99.85, down 0.12 (-0.12%) day-over-day.

**Energy is still firm, and that keeps a bid under costs.** Brent is around **$87.77** a barrel, just a touch higher on the day. Oil like this can keep freight and processing costs sticky, even if the move is small.[1]

Risk tone is mixed. The **DXY** is softer at **99.85**, while the **2Y yield** is down to **4.19%** and the **10Y** sits at **4.65%**. That points to a market that is not pressing hard for tighter money right now, which can help metals sentiment, but the **real 10Y yield** is still positive at about **2.36%**, so carry cost is still real.[1]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,391/oz, down $5.80 (-0.13%) day-over-day. Previous close: $4,397/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold is still high, but today’s move is a small step back.** At **$4,391/oz**, it is down **$5.80** and has closed higher in **3 of the last 5 sessions**, so the bigger trend still has some lift. With **Brent near $87.77** and energy costs firm, scrap sellers should keep gold-bearing loads clean and documented.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $64.92/oz, down $0.8955 (-1.36%) day-over-day. Previous close: $65.82/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 67.6:1.

**Silver is softer today at $64.92 an ounce, down about 90 cents, but the short-term trend still leans up.** The 67.6:1 gold/silver ratio says silver still looks cheap versus gold, and firm energy costs keep support under the whole metals complex.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,749/oz, down $3.00 (-0.17%) day-over-day. Previous close: $1,752/oz. MoM: +7.6%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,352/oz, down $13.00 (-0.95%) day-over-day. Previous close: $1,365/oz. MoM: +7.3%.
• 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: ↑ 3 of last 5 sessions.

**PGM prices are mixed, but the tone is still firm for sellers who stay patient.** Platinum and palladium are down today, while rhodium is flat, yet all three have recent upside in the last five sessions. With Brent still around **$87.77** and costs staying supported, buyers should keep paying close attention to clean, well-documented loads.

Copper — Current Indicators

• COMEX/Spot Copper: $6.66/lb, up +$0.0315 (+0.48%) day-over-day. Previous close: $6.63/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is firm again at $6.66/lb, up about 3 cents today.** The 5-day trend is still positive, and that matches the broader setup: energy is steady, and that keeps a bid under costs. Clean copper is still the load that gets the best look.

Aluminum — Current Indicators

• LME Aluminum: $3,372/tonne ($1.53/lb), up +$0.0162 (+1.07%) day-over-day. Previous close: $1.51/lb.
• 5-day trend: ↑ 5 of last 5 sessions.

**Aluminum is firm, and sellers are seeing a clean uptrend.** Price is at **$1.53/lb**, up about **2 cents** on the day, and it has climbed in **5 of the last 5 sessions**.[17] Energy is still solid with Brent near **$87.77**, so costs stay supported and buyers have less room to back away.[Macro]

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.