Smash Scrap Morning Metals Report – August 7, 2026

Prices as of August 07, 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 — $4,352/oz ▲
• Silver — $64.72/oz ▲
• PGMs — Rh ▲ $8,650 · Pt ▲ $1,739 · Pd ▲ $1,372
• Copper — $6.64/lb ▼
• Aluminum — $1.48/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4018

Smash Scrap Takeaways for Today

• Gold & Silver — Move clean precious-metal loads now. Both are up hard, and silver is leading the move. If you have documented lots, test the market before the bid tone cools.
• PGMs — Keep platinum, palladium, and rhodium on the board, but do not hoard them. The complex is green today, so use fresh quotes and sell clean, separated material while buyers are paying attention.
• Copper — Sell copper-bearing inventory sooner rather than later. Copper is down today, so mixed wire, pipe, and greasy loads can get hit harder if you wait.
• Aluminum — Don’t chase a big higher number here. Aluminum is basically flat, so move sorted, dry aluminum and keep your yard clean instead of sitting on it.
• Big Picture — 5 of 8 metals higher today, but the strength is not broad enough to reward guessing.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $82.11/bbl, down $1.22 (-1.46%) day-over-day.

US Dollar Index (DXY): 99.88, down 0.08 (-0.08%) day-over-day.

**Energy backed off, but risk is still in the seat.** Brent crude is down to **$82.11** a barrel, and that can ease diesel and freight pressure for yards and mills. But the **U.S. dollar** is still firm, with **DXY at 99.88** and **USD/CAD at 1.4018**, so cross-border scrap still has a tough math problem.[1][2]

Rates are still high enough to keep a lid on rallies. The **10-year yield is 4.63%**, and the **real 10-year yield is about 2.37%**, which keeps money tight and metals upside limited. Soft oil helps the cost side, but a strong dollar and sticky rates still favor caution on big buys and hold decisions.[1][2]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,352/oz, up +$112.30 (+2.65%) day-over-day. Previous close: $4,240/oz.
• 5-day trend: ↑ 4 of last 5 sessions.

**Gold is still hot, and scrap sellers should pay attention.** Spot gold is at **$4,352/oz**, up **$112.30** today, and it has closed higher in **4 of the last 5 sessions**. That kind of tape can keep gold-bearing loads, cores, and clean jewelry scrap moving, while softer energy helps ease freight pressure a bit.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $64.72/oz, up +$3.21 (+5.21%) day-over-day. Previous close: $61.52/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 67.2:1.

Silver is **bid up** to **$64.72/oz**, with a **5.21%** gain and a **4-of-5** day run. For scrap sellers, that means silver-bearing loads still have good pull, but the move is not one-way, so lock in clean, documented material while the market stays firm.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,739/oz, up +$23.00 (+1.34%) day-over-day. Previous close: $1,716/oz. MoM: +9.8%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,372/oz, up +$18.00 (+1.33%) day-over-day. Previous close: $1,354/oz. MoM: +14.1%.
• Palladium 5-day trend: ↑ 4 of last 5 sessions.
• Rhodium (Rh): $8,650/oz, up +$75.00 (+0.87%) day-over-day. Previous close: $8,575/oz. MoM: +5.5%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

**PGM prices are firming, and that gives scrap sellers better room to test the market.** Platinum is up to **$1,739/oz**, palladium is at **$1,372/oz**, and rhodium is still strong at **$8,650/oz**, with all three up on the day. Brent at **$82.11** can ease freight pressure a bit, so documented converter loads may be a cleaner sell than they were last week.

Copper — Current Indicators

• COMEX/Spot Copper: $6.64/lb, down $0.0785 (-1.17%) day-over-day. Previous close: $6.72/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is softer today at $6.64/lb, but the bigger trend is still alive.** It’s down about 8 cents on the day, yet it has risen in 3 of the last 5 sessions, so buyers are still active[17]. With Brent crude at $82.11 and freight pressure easing a bit, this is a decent time to tighten up your copper loads and test the bids[17].

Aluminum — Current Indicators

• LME Aluminum: $3,270/tonne ($1.48/lb), up +$0.0002 (+0.01%) day-over-day. Previous close: $1.48/lb.
• 5-day trend: ↑ 5 of last 5 sessions.

**Aluminum is holding at $1.48/lb, and the tape is still firm.** It is up a hair today and has climbed in 5 of the last 5 sessions, so sellers should pay attention. With Brent crude at $82.11 and energy easing a bit, freight pressure can cool off while the aluminum bid stays steady.

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).

⚠️ Note: Silver (5.2%) show unusually large day-over-day moves. Illiquid markets (e.g. rhodium) can have wide bid-ask spreads; verify with multiple sources before acting.

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.