Smash Scrap Morning Metals Report – September 14, 2026

[DATA ALERT: Silver: settled +0.87% away from the 2026-09-11 morning print ($63.95 -> $64.50) — this move was never published in an article (unpublished settle step); Palladium: settled -0.93% away from the 2026-09-11 morning print ($1,292.00 -> $1,280.00) — this move was never published in an article (unpublished settle step); Rhodium: settled -1.02% away from the 2026-09-11 morning print ($9,825.00 -> $9,725.00) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 14, 2026 at 07:31 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 — $4,285/oz ▼
• Silver — $63.02/oz ▼
• PGMs — Rh ▼ $9,675 · Pt ▼ $1,762 · Pd ▼ $1,269
• Copper — $6.42/lb ▼
• Aluminum — $1.47/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3866

Smash Scrap Takeaways for Today

• Gold & Silver — Move clean lots now. Both are down hard. If you have jewelry, pins, or high-grade sweeps, get fresh bids and do not sit on them.
• PGMs — Treat platinum, palladium, and rhodium as tradeable today. Pull out the clean cores, tag the loads, and sell with photo proof before another leg down hits.
• Copper — This is not a day to guess. Heavy copper is softer, so separate clean from dirty, verify weights, and use competition to find the real market.
• Aluminum — Keep it moving, but only on clean specs. Mixed or dirty aluminum will get punished more when buyers turn cautious.
• Big Picture — 0 of 8 metals are higher, so the board is weak and sellers should lean on vetted buyer competition, fast docs, and tight inventory control.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $107.98/bbl, up $3.56 (+3.41%) day-over-day.

US Dollar Index (DXY): 99.52, up 0.75 (+0.76%) day-over-day.

**Energy is jumping. The dollar is firm. That’s your risk backdrop today.**

Brent is back near the high $100s, up over 3% and holding above $107. Fuel costs are rising again, and that hits every load you move. Higher pump and freight costs can squeeze shred spreads and export flows, especially on lower-grade iron.

The U.S. dollar is still strong, with DXY near 100 and USD/CAD around 1.39. A firm dollar plus higher yields keeps offshore buyers cautious and financing more expensive. Net: you’re trading in a higher-cost, higher-risk world. Price discovery matters more than ever; don’t guess your number off one phone call.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,285/oz, down $63.00 (-1.45%) day-over-day. Previous close: $4,348/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is slipping again, so treat it like a trade, not a stash.** Gold is at **$4,285/oz**, down about **1.5% today** and weak in **3 of the last 5 sessions**. With the dollar stronger and energy jumping, scrap gold feels soft, so you should work real bids and move clean material instead of waiting for a surprise pop.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.02/oz, down $1.49 (-2.31%) day-over-day. Previous close: $64.50/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 68.0:1.

**Silver just broke lower again — treat it like a trade, not a treasure.** Silver is at **$63.02/oz**, down about 2% today and weaker in 3 of the last 5 sessions. With the dollar stronger and energy jumping, your cats and silver loads face pressure, so focus on clean inventory, good photos, and real competition on bids instead of hoping for a near-term price pop.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,762/oz, down $30.00 (-1.67%) day-over-day. Previous close: $1,792/oz. MoM: +1.4%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,269/oz, down $11.00 (-0.86%) day-over-day. Previous close: $1,280/oz. MoM: -4.6%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,675/oz, down $50.00 (-0.51%) day-over-day. Previous close: $9,725/oz. MoM: +11.0%.
• Rhodium 5-day trend: ↑ 3 of last 5 sessions.

**PGMs are soft today.** Platinum and palladium are both down, and rhodium is slipping too, so sellers are not seeing much lift. With the dollar stronger and energy jumping, buyers may stay picky, so clean docs and tight loads matter more than ever.

Copper — Current Indicators

• COMEX/Spot Copper: $6.42/lb, down $0.1360 (-2.07%) day-over-day. Previous close: $6.56/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **down today**, sitting around **$6.42/lb**, about 14 cents off and slipping just over 2%. The dollar is stronger and **energy is jumping**, with Brent crude near **$107.98/bbl**, so your fuel and cash costs stay high even as copper softens. Copper has bumped higher in 3 of the last 5 sessions, but demand still looks weak, so you should treat any firm bids on clean cats, wire, and chops as tradeable instead of waiting for a big pop.

Aluminum — Current Indicators

• LME Aluminum: $3,248/tonne ($1.47/lb), down $0.0040 (-0.27%) day-over-day. Previous close: $1.48/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is drifting lower again, not breaking out, so treat it as a trade, not a hold.** Price is **$1.47/lb**, down less than a cent today and down in **3 of the last 5 sessions**. If you’ve got clean clips and extrusion ready, take solid bids and move the cats and non‑ferrous now instead of betting on a near‑term pop.

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.