Smash Scrap Morning Metals Report – May 8, 2026

Prices as of May 08, 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.

Jump to:

• Gold — $4,713/oz ▲
• Silver — $80.46/oz ▲
• PGMs — Rh ▸ $9,950 · Pt ▲ $2,036 · Pd ▲ $1,475
• Copper — $6.28/lb ▲
• Aluminum — $1.59/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3635

Smash Scrap Takeaways for Today

• Gold & Silver — Sell now. Gold up 0.5% and silver up 2.6% create good exit opportunities. Lock in these gains before prices pull back, as both metals have gained four of the last five sessions.
• PGMs — Buy catalytic converters. Platinum up 1.0% and palladium up 1.1% show steady strength. Rhodium is flat but may bounce soon, so monitor for entry points on industrial platinum scrap.
• Copper — Strong momentum continues. Up 2.4% to $6.28/lb with three of the last five days higher. Sell copper wire and circuit boards today while prices hold these elevated levels.
• Aluminum — Steady gains support selling. Up 0.9% on summer construction demand strength. Move aluminum scrap this week before seasonal peaks shift pricing dynamics.
• Big Picture — Six of eight metals are higher today, signaling broad strength across the market with no major weakness signals.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $100.38/bbl, down $2.42 (-2.35%) day-over-day.

**Macro Backdrop — Energy and Risk**

Brent Crude Oil fell $2.42 to $100.38 per barrel, down 2.35% today. Lower oil eases shipping costs for scrap haulers from Detroit to Houston. This helps yard margins after weeks of high diesel prices tied to Middle East tensions. US-Iran talks boost hopes for steady supply, but gold and silver rally on safe-haven buying.

The 10-year Treasury yield dropped to 4.36%, while inflation views rose slightly to 2.45%. Fed rate holds at 3.64%. Auto output dipped, pressuring scrap supply. USD/CAD at 1.3635 keeps cross-border trade steady. World Bank sees metals prices climbing this year on energy shocks.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,713/oz, up +$23.52 (+0.50%) day-over-day. Previous close: $4,689/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold hit $4,713 per ounce today, up $23 or 0.50% from yesterday. It rose in 3 of the last 5 sessions amid steady demand from buyers and strong scrap recycling flows. Lower oil at $100.38 per barrel cuts shipping costs, so more scrap gold should reach refiners soon for top payouts.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $80.46/oz, up +$2.01 (+2.56%) day-over-day. Previous close: $78.45/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 58.6:1.

Silver spot prices hit $80.46 per ounce, up $2.01 or 2.56% today, with gains in 4 of the last 5 sessions. Scrap sellers can cash in now on sterling at about $58 per ounce or fine silver near $62, as strong industrial demand tightens supply despite lower Brent crude at $100.38 per barrel easing haul costs. Hold off selling if expecting a pullback soon.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $2,036/oz, up +$21.00 (+1.04%) day-over-day. Previous close: $2,015/oz. MoM: +0.3%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,475/oz, up +$16.00 (+1.10%) day-over-day. Previous close: $1,459/oz. MoM: -4.5%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $9,950/oz, flat day-over-day. Previous close: $9,950/oz. MoM: -2.5%.
• Rhodium 5-day trend: ↓ 1 of last 5 sessions.

Platinum rose $21 to $2,036 per ounce, up 1%. Palladium gained $16 to $1,475 per ounce, up 1.1%. Rhodium held flat at $9,950 per ounce. Both platinum and palladium climbed in 3 of the last 5 sessions, signaling a good time for scrap sellers to cash in. Lower oil at $100.38 per barrel cuts shipping costs, boosting scrap flows.

Copper — Current Indicators

• COMEX/Spot Copper: $6.28/lb, up +$0.1470 (+2.40%) day-over-day. Previous close: $6.13/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is holding strong at $6.28 per pound after climbing 2.4% today, with three of the last five trading days moving upward. Lower oil prices are easing shipping costs for scrap haulers, which helps keep supply chains running smoothly and supports steady demand from construction and manufacturing sectors. Now is a solid time for scrap sellers to move clean copper and bare bright material.

Aluminum — Current Indicators

• LME Aluminum: $3,516/tonne ($1.59/lb), up +$0.0147 (+0.93%) day-over-day. Previous close: $1.58/lb.
• 5-day trend: → flat over last 5 sessions.

Aluminum scrap hit $1.59 per pound, up about 1 cent or 0.9% today. Prices stayed flat over the last 5 days, but lower oil at $100.38 per barrel cuts shipping costs for haulers. Sell now if you have clean loads—summer building demand should push values higher soon.

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.