Smash Scrap Morning Metals Report – September 11, 2026

[DATA ALERT: Gold: settled -1.12% away from the 2026-09-10 morning print ($4,363.20 -> $4,314.30) — this move was never published in an article (unpublished settle step); Silver: settled -2.49% away from the 2026-09-10 morning print ($65.06 -> $63.44) — this move was never published in an article (unpublished settle step); Platinum: settled -2.53% away from the 2026-09-10 morning print ($1,815.00 -> $1,769.00) — this move was never published in an article (unpublished settle step); Palladium: settled -2.10% away from the 2026-09-10 morning print ($1,288.00 -> $1,261.00) — this move was never published in an article (unpublished settle step); Aluminum: settled -0.89% away from the 2026-09-10 morning print ($1.50 -> $1.49) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 11, 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 — $4,332/oz ▲
• Silver — $63.95/oz ▲
• PGMs — Rh ▲ $9,825 · Pt ▲ $1,782 · Pd ▲ $1,292
• Copper — $6.52/lb ▼
• Aluminum — $1.47/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3822

Smash Scrap Takeaways for Today

• Gold & Silver — With both up again, don’t dump cats and jewelry light; sort, document, and push high-grade to multiple buyers.
• PGMs — Palladium and rhodium are climbing; tighten your core pull, photo every unit, and use VIN/serial tracking to justify stronger asks.
• Copper — Price is basically flat; don’t chase dimes, focus on clean fracs and use auction competition to test real yard-level numbers.
• Aluminum — Down a couple cents; hold borderline material if you can, and only move clean segregated loads with solid packing lists.
• Big Picture — 5 of 8 metals higher, 1 lower, 2 flat — use SMASH auctions to let competition reveal today’s true market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $104.24/bbl, down $4.90 (-4.49%) day-over-day.

US Dollar Index (DXY): 99.16, up 0.32 (+0.32%) day-over-day.

**Oil just dropped, but money is getting more expensive. That’s your risk backdrop today.**

Brent is back near **$104**, off almost **5%** on the day. Energy is still rich for running yards and shredders, but that pullback takes a bit of pressure off diesel and trucking.

Rates keep grinding higher. 2‑year and 10‑year yields are both pushing up, and inflation expectations are ticking higher too. Dollar index is firmer, USD/CAD is strong, so cross‑border buyers face more FX noise on export loads.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,332/oz, up +$18.20 (+0.42%) day-over-day. Previous close: $4,314/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is **up today**, sitting around **$4,332/oz**, but it has slipped in **3 of the last 5 sessions**. Oil just dropped and the dollar is stronger, so don’t chase every pop — use this strength to move clean, documented gold loads where you can lock in bids, not guess your price.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.95/oz, up +$0.5070 (+0.80%) day-over-day. Previous close: $63.44/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.7:1.

Silver is up today at **$63.95/oz**, even though it’s been soft 3 of the last 5 sessions. With the dollar getting stronger and oil dropping, this move looks like steady buying, not panic. If you’ve got silver cats, jewelry, or industrial scrap, this is a fine day to move clean, documented material and test bids.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,782/oz, up +$13.00 (+0.73%) day-over-day. Previous close: $1,769/oz. MoM: +2.5%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,292/oz, up +$31.00 (+2.46%) day-over-day. Previous close: $1,261/oz. MoM: -4.6%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,825/oz, up +$100.00 (+1.03%) day-over-day. Previous close: $9,725/oz. MoM: +13.5%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

PGMs are **up today**, but recent trading still looks choppy. Platinum and palladium both bounced, while rhodium keeps grinding higher and now sits near $9,800/oz, even as oil just dropped and the dollar got stronger, so you should stay tight on your cat counts and be ready for fast moves.

Copper — Current Indicators

• COMEX/Spot Copper: $6.52/lb, down $0.0015 (-0.02%) day-over-day. Previous close: $6.52/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Copper is holding around **$6.52/lb**, basically flat, but it has slipped in 3 of the last 5 sessions. Oil just dropped and the dollar got stronger, so buyers have more excuses to push bids down, not up. If you’re selling copper, expect more price “discovery” than direction today.

Aluminum — Current Indicators

• LME Aluminum: $3,246/tonne ($1.47/lb), down $0.0152 (-1.02%) day-over-day. Previous close: $1.49/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Aluminum is **down today**, sitting around **$1.47/lb**, about two cents off yesterday. With oil dropping and the dollar getting stronger, buyers are cautious, and prices have slipped in 3 of the last 5 sessions, so you should expect tighter quotes on clean and taint until demand firms up again.

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.