Smash Scrap Morning Metals Report – September 15, 2026

[DATA ALERT: Rhodium: settled -1.29% away from the 2026-09-14 morning print ($9,675.00 -> $9,550.00) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 15, 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 — $4,274/oz ▼
• Silver — $63.15/oz ▼
• PGMs — Rh ▸ $9,550 · Pt ▼ $1,755 · Pd ▲ $1,272
• Copper — $6.41/lb ▲
• Aluminum — $1.47/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3909

Smash Scrap Takeaways for Today

• Gold & Silver — Buyers still have the upper hand. Sort your gold and silver loads, but don’t rush big sales today.
• PGMs — Palladium’s up, Rhodium flat, Platinum down. Move clean cat loads with good photos and VINs; hold borderline material for tighter bids.
• Copper — Price is inching higher. Tighten your grades, pull fluff from #2, and push ready copper loads while bids are firm.
• Aluminum — Drifting lower. Pull back on light-gauge and mixed loads; focus on clean segregated aluminum that still gets attention.
• Big Picture — 2 of 8 metals higher, 4 lower, 2 flat: cautious tone, so send sharper packs and expect picky buyers.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $101.57/bbl, down $4.67 (-4.40%) day-over-day.

US Dollar Index (DXY): 99.63, up 0.54 (+0.54%) day-over-day.

**Oil dumped 4%+, but the risk meter didn’t budge.**

Brent slid to about **$101.5**, down over **4%** on the day, but this is a pullback, not a crash in the trend. Diesel and freight pressure may ease a bit, yet fuel is still pricey enough to matter on every load you move.

The **U.S. dollar is firm**, with DXY near **100** and **USD/CAD around 1.39**, so cross‑border deals stay tight and currency risk is real in your export math. Real **10‑year yields near 2.6%** keep gold and other risk assets under pressure, which means buyers stay picky on shiny stuff while you focus on clean, well‑documented cats, cores, and non‑ferrous loads.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,274/oz, down $21.40 (-0.50%) day-over-day. Previous close: $4,295/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is **$4,274/oz and drifting lower**, down 0.5% today and soft in 3 of the last 5 sessions. With the dollar firm and rates still biting, buyers can stay picky, so you should expect tighter bids on gold cats and jewelry scrap until this trend steadies.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.15/oz, down $0.0540 (-0.09%) day-over-day. Previous close: $63.20/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.7:1.

Silver is drifting lower again, not crashing, but soft. At about **$63.15/oz**, down a few cents and weaker in 3 of the last 5 sessions, buyers have room to test bids, so you should expect more pushback on silver cats and mixed non‑ferrous loads.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,755/oz, down $6.00 (-0.34%) day-over-day. Previous close: $1,761/oz. MoM: +1.0%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,272/oz, up +$5.00 (+0.39%) day-over-day. Previous close: $1,267/oz. MoM: -4.4%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $9,550/oz, flat day-over-day. Previous close: $9,550/oz. MoM: +9.6%.
• Rhodium 5-day trend: ↑ 2 of last 5 sessions.

PGM prices are mixed, so you need to stay sharp on cats. Platinum is slipping a bit, palladium is grinding higher, and rhodium is flat but still rich. With oil pulling back and risk steady, expect buyers to stay selective and push hard on their numbers.

Copper — Current Indicators

• COMEX/Spot Copper: $6.41/lb, up +$0.0055 (+0.09%) day-over-day. Previous close: $6.40/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is holding around **$6.41/lb**, up a hair today but still soft versus last week. You’re not getting a big bounce, but three green sessions out of five says buyers aren’t running away. With the dollar firm and freight still a headache, treat this as a sideways market and stay tight on how you grade and move your copper loads.

Aluminum — Current Indicators

• LME Aluminum: $3,236/tonne ($1.47/lb), down $0.0062 (-0.42%) day-over-day. Previous close: $1.47/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

Aluminum is **softer today**, at about **$1.47/lb**, down a hair and red in 4 of the last 5 sessions. The move is small, but the trend says buyers have room to test you, especially with the dollar firm and oil pulling back, not roaring higher. If you can, tighten your grades and photos, and use auctions to make buyers compete instead of taking the first quiet number.

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.