Smash Scrap Morning Metals Report – October 22, 2026

Prices as of October 22, 2026 at 07:30 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.

Today’s price snapshot

Gold price

• Gold: $4,069/oz; lower than the previous close.

Silver price

• Silver: $55.84/oz; lower than the previous close.

Platinum-group metal prices

• Platinum: $1,582/oz; lower than the previous close.
• Palladium: $1,043/oz; lower than the previous close.
• Rhodium: $9,100/oz; unchanged from the previous close.

Copper price

• Copper: $6.40/lb; lower than the previous close.

Aluminum price

• Aluminum: $1.36/lb; lower than the previous close.

Steel scrap price

• Shredded (SHS): $413.00/mt; unchanged from the previous close. Source: scrapmonster.
• HMS 1&2 (80:20): $366.00/mt; unchanged from the previous reference price.

What sellers can do today

• Converters and precious metals: Record serial numbers, separate OEM from aftermarket units, and include clear photos.
• Copper and aluminum: Separate grades and remove avoidable contamination before asking for bids.
• Steel: Confirm the grade, weight, freight responsibility, and possible deductions before accepting an offer.
• Price discovery: Treat these as reference prices, not yard offers, and compare more than one qualified bid through Smash Scrap.

News sources checked

These are the linked headlines reviewed for today’s report. Open the original source before making a market decision.

• Data centre copper demand nears 1 million tonnes, tin price doubles: LME Week metals debate - Fastmarkets — Fastmarkets
• Royal Mint sees record silver and platinum sales, renewed gold demand despite higher prices and rising bond yields - Kitco — Kitco News
• CIBC slashes gold price forecasts but sees recovery to $5,200 in 2027 as central bank demand offsets Fed headwinds - Kitco — Kitco News
• U.S.-Mexico trade talks hit impasse as Lutnick exerts influence — Financial Post
• ‘The price of gold will reflect the pain elsewhere’ and gold equities are working as a leveraged play – BlackRock’s Hambro - Kitco — Kitco News

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.