Smash Scrap Morning Metals Report – September 10, 2026

[DATA ALERT: Palladium: feed suspect — screen $1,288.00 diverges 2.7% from independent spot $1,324.00 (threshold 2.5%); Silver: settled +1.82% away from the 2026-09-09 morning print ($66.08 -> $67.28) — this move was never published in an article (unpublished settle step); Platinum: settled +2.88% away from the 2026-09-09 morning print ($1,841.00 -> $1,894.00) — this move was never published in an article (unpublished settle step); Palladium: settled +1.90% away from the 2026-09-09 morning print ($1,315.00 -> $1,340.00) — this move was never published in an article (unpublished settle step); Copper: settled +1.35% away from the 2026-09-09 morning print ($6.76 -> $6.86) — this move was never published in an article (unpublished settle step); Aluminum: settled +0.77% away from the 2026-09-09 morning print ($1.51 -> $1.52) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 10, 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.

Jump to:

• Gold — $4,363/oz ▼
• Silver — $65.06/oz ▼
• PGMs — Rh ▲ $9,725 · Pt ▼ $1,815 · Pd ▼ $1,288
• Copper — $6.57/lb ▼
• Aluminum — $1.50/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3798

Smash Scrap Takeaways for Today

• Gold & Silver — Move cat and board lots now. Both are softer today, so don’t sit on clean recovery waiting for a rebound. Lock weight, photo the load, and push it while bids are still active.
• PGMs — Sort your platinum, palladium, and rhodium hard. Platinum and palladium are down, but rhodium is up, so mixed lots hide value fast. Keep catalysts separate, verify counts, and use serial tracking so buyers trust the lot.
• Copper — Sell clean copper fast. A 4% drop can spread through the yard before lunch. Split bare bright, #1, and #2, and get it in front of more than one vetted buyer.
• Aluminum — Clean up your aluminum stacks and move them with proof. Prices are down, so dirty or mixed loads get punished harder. Good photo docs and tight inventory notes help buyers bid with less friction.
• Big Picture — Only 1 of 8 metals is higher today, so the board is leaning red and sellers need to move clean, documented material fast.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $104.05/bbl, up $2.00 (+1.96%) day-over-day.

US Dollar Index (DXY): 99.01, down 0.15 (-0.15%) day-over-day.

**Oil is back above $104. That’s not noise. That’s cost pressure.**

Brent is at **$104.05**, up almost 2% today, and still coming off a strong September rally from the mid‑90s. Higher fuel hits mills, shredders, and trucks first, then works its way into what they can pay you on scale. Expect more talk about “freight” and “energy” in every bid you get.

The dollar backdrop is mixed. The broad dollar and DXY are a bit softer, but **USD/CAD at 1.38** still keeps cross‑border moves tricky. Long‑end rates keep grinding up, with the **10Y at 4.8%** and real yields over 2.4%. That combo supports gold and silver on the investment side, but also keeps risk tone cautious. Bottom line for you: energy is the live risk today—keep an eye on fuel, freight adders, and how your buyers talk about “transport costs” on each load.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,363/oz, down $36.70 (-0.83%) day-over-day. Previous close: $4,400/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is sliding, and that can cool scrap buying fast.** At **$4,363/oz**, gold is down **$36.70** on the day, and it has now fallen in **3 of the last 5 sessions**. For sellers, that means tighter bids on cats, boards, and jewelry until buyers see steadier action.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $65.06/oz, down $2.21 (-3.29%) day-over-day. Previous close: $67.28/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.1:1.

**Silver is softer today at $65.06 an ounce, down 3.29%.** The 5-day trend is weak, with silver lower in 3 of the last 5 sessions, so buyers may stay picky on bids for clean silver-bearing scrap, cats, and loaded boards.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,815/oz, down $79.00 (-4.17%) day-over-day. Previous close: $1,894/oz. MoM: +4.5%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,288/oz, down $52.00 (-3.88%) day-over-day. Previous close: $1,340/oz. MoM: -4.9%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,725/oz, up +$150.00 (+1.57%) day-over-day. Previous close: $9,575/oz. MoM: +12.9%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

Platinum and palladium are both down hard today, so sellers are seeing softer bids on the basket. Rhodium is still firm, but the mixed PGM tape means you need clean lots and good docs to hold value.

Copper — Current Indicators

• COMEX/Spot Copper: $6.57/lb, down $0.2875 (-4.19%) day-over-day. Previous close: $6.86/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **down to $6.57/lb**, off about 29 cents today, so expect tighter bids on clean wire and solids. Even with prices dropping 4%, copper has been up in 3 of the last 5 sessions, so yards may still move good cats and non-ferrous if numbers hold.

Aluminum — Current Indicators

• LME Aluminum: $3,309/tonne ($1.50/lb), down $0.0241 (-1.58%) day-over-day. Previous close: $1.52/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Aluminum is sitting around **$1.50/lb**, about 2 cents lower today, so bids may feel a bit softer. Even with today’s dip, it’s been up in 3 of the last 5 sessions, and oil back above $104 keeps cost pressure on mills and transport, not demand.

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.