Smash Scrap Morning Metals Report – August 5, 2026

Prices as of August 05, 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 — $4,206/oz ▲
• Silver — $62.25/oz ▲
• PGMs — Rh ▲ $8,425 · Pt ▲ $1,745 · Pd ▲ $1,349
• Copper — $6.68/lb ▲
• Aluminum — $1.46/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4068

Smash Scrap Takeaways for Today

• Gold & Silver — Move clean jewelry, dental, and silver-bearing lots now. Momentum is hot, and 6 of 8 metals higher tells you buyers are still paying attention.
• PGMs — Push catalytic converters, platinum, palladium, and rhodium while the bid window is open. Document your cats, cores, and serials tight so buyers don’t chip you on trust.
• Copper — Sell clean copper and insulated wire sooner, not later. At $6.68/lb and up again, the market still rewards well-sorted, dry loads.
• Aluminum — Keep aluminum moving, but don’t chase a big pop. It is basically flat, so focus on clean separation, low contamination, and fast turns.
• Big Picture — The board is still firm: 6 higher, 2 flat, so sellers should lean into competitive auctions and move quality inventory while the tape is green.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $79.99/bbl, up $1.14 (+1.45%) day-over-day.

US Dollar Index (DXY): 99.67, down 0.13 (-0.13%) day-over-day.

**Oil is trying to bounce, but the bigger trend still says “handle risk.”**

Brent is back near **$80**, up about **1.5%** today, but still well below the **$90+** levels we saw in July.[1][3] That means fuel costs are off the highs, but you should not price cats and shred based on just one green day.

The **dollar index is soft**, and long **real yields** are still high at about **2.5%**, which helps explain why gold is holding above **$4,100** as Middle East tension and US‑Iran talks keep risk on the front page.[3][4] For you, that’s a mixed backdrop: energy relief versus steady risk demand, so keep freight, fuel surcharges, and any export exposure tight and documented.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,206/oz, up +$123.30 (+3.02%) day-over-day. Previous close: $4,082/oz.
• 5-day trend: ↑ 4 of last 5 sessions.

**Gold just popped over $4,200/oz, and you should treat it like it’s hot.** Gold is up about 3% today and has risen in 4 of the last 5 sessions, while the dollar is soft and oil is still below the big-risk $90+ zone, so clean, documented gold scrap, dental, and jewelry should be priced with that strength in mind, not yesterday’s numbers.[3][4] You don’t need to panic-sell, but you also shouldn’t sleep on loads when the board is moving like this.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $62.25/oz, up +$2.69 (+4.51%) day-over-day. Previous close: $59.56/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 67.6:1.

**Silver is hot again, so don’t sleep on your silver loads.** Silver is around **$62/oz**, up about **4.5%** today and green in **4 of the last 5 sessions**, with the gold/silver ratio near **68:1**.[1][19] That tells you there’s real demand back in the metal, so this is a good time to move silver contacts, bus bars, and clean silver-bearing e-scrap instead of letting them sit on the shelf.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,745/oz, up +$17.00 (+0.98%) day-over-day. Previous close: $1,728/oz. MoM: +6.9%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,349/oz, up +$16.00 (+1.20%) day-over-day. Previous close: $1,333/oz. MoM: +7.5%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,425/oz, up +$50.00 (+0.60%) day-over-day. Previous close: $8,375/oz. MoM: +3.4%.
• Rhodium 5-day trend: ↑ 2 of last 5 sessions.

**PGM prices are green today, but this still feels like a trading bounce, not a new boom.** Platinum, palladium, and rhodium are all up about 1% today, with rhodium leading, but levels are still well below the big highs you remember.[7] With oil just under $80 and the dollar slipping, you can move clean, documented cats if you need cash, but don’t loosen your buy prices just because PGMs had a good day.

Copper — Current Indicators

• COMEX/Spot Copper: $6.68/lb, up +$0.0390 (+0.59%) day-over-day. Previous close: $6.64/lb.
• 5-day trend: ↑ 5 of last 5 sessions.

Copper is **up to $6.68/lb**, and it has closed higher in **5 of the last 5 sessions**.[1][2] That keeps the tape firm for clean copper, but scrap sellers should still watch the spread between the board and yard bids, since buyers can stay picky even when the market trends up.[1][3]

Aluminum — Current Indicators

• LME Aluminum: $3,229/tonne ($1.46/lb), up +$0.0001 (+0.01%) day-over-day. Previous close: $1.46/lb.
• 5-day trend: ↑ 5 of last 5 sessions.

**Aluminum is grinding higher, but it’s a slow climb, not a rocket.** At about **$1.46/lb**, aluminum is up a fraction of a cent and has ticked higher five sessions in a row, so the trend is gently up, not breaking out.[19][11] With Brent sitting near **$80/bbl**, fuel is cheaper than when oil was over $90, but that doesn’t mean you chase prices — keep moving clean, documented aluminum when you’ve got good loads ready, and let buyers fight over quality, not just volume.[3][1]

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.