Smash Scrap Morning Metals Report – September 3, 2026

[DATA ALERT: Gold: feed suspect — screen $4,446.00 diverges 9.3% from independent spot $4,900.00 (threshold 2.5%); Silver: feed suspect — screen $65.85 diverges 98.7% from independent spot $4,900.00 (threshold 2.5%); Platinum: feed suspect — screen $1,765.00 diverges 64.0% from independent spot $4,900.00 (threshold 2.5%); Palladium: feed suspect — screen $1,349.00 diverges 72.5% from independent spot $4,900.00 (threshold 2.5%); Copper: feed suspect — screen $6.62 diverges 99.9% from independent spot $4,900.00 (threshold 2.5%); Gold: settled +1.02% away from the 2026-09-02 morning print ($4,339.70 -> $4,383.90) — this move was never published in an article (unpublished settle step); Silver: settled +1.36% away from the 2026-09-02 morning print ($64.51 -> $65.39) — this move was never published in an article (unpublished settle step); Platinum: settled +1.15% away from the 2026-09-02 morning print ($1,736.00 -> $1,756.00) — this move was never published in an article (unpublished settle step); Palladium: settled +1.61% away from the 2026-09-02 morning print ($1,308.00 -> $1,329.00) — this move was never published in an article (unpublished settle step); Rhodium: settled +1.63% away from the 2026-09-02 morning print ($9,200.00 -> $9,350.00) — this move was never published in an article (unpublished settle step); Aluminum: settled +1.02% away from the 2026-09-02 morning print ($1.48 -> $1.49) — this move was never published in an article (unpublished settle step); Nickel: settled +1.18% away from the 2026-09-02 morning print ($7.41 -> $7.50) — this move was never published in an article (unpublished settle step); Zinc: settled -2.77% away from the 2026-09-02 morning print ($1.87 -> $1.81) — this move was never published in an article (unpublished settle step) — verify before publishing]

Prices as of September 03, 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 — $4,446/oz ▲
• Silver — $65.85/oz ▲
• PGMs — Rh ▸ $9,350 · Pt ▲ $1,765 · Pd ▲ $1,349
• Copper — $6.62/lb ▲
• Aluminum — $1.50/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3863

Smash Scrap Takeaways for Today

• Gold & Silver — Sell clean, well-documented cats and jewelry into this strength; use photos and serial tracking to tighten bids.
• PGMs — Move platinum and palladium loads now; separate cores and high-grade material to capture today’s firmer tape, but don’t sit on rhodium hoping for a pop.
• Copper — Ship bright and #1 loads while prices grind higher; use inventory tools and packing lists to keep buyers confident and bids competitive.
• Aluminum — Push segregated, clean aluminum (UBC, extrusion, sheet) rather than mixed; auction format and clear BOLs can help reveal where buyers really are today.
• Big Picture — Six of eight metals are higher, two are flat — good day to test the market with competitive auctions instead of one-and-done phone quotes.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $96.48/bbl, up $1.12 (+1.17%) day-over-day.

US Dollar Index (DXY): 99.11, down 0.32 (-0.32%) day-over-day.

**Oil is creeping toward $100. Your yard feels that first, not Wall Street.**

Brent sits near **$96.50**, up a bit today and up a lot this week. Fuel, torch gas, and trucking all get more expensive when crude grinds higher. That squeezes shred, hauling, and any cat you have to drag a long way.

Rates are still high and real yields sit around **2.45%**, so money stays tight and risk trades stay choppy. A softer dollar today takes a bit of pressure off exports, but FX and freight are still real risk on every BOL and packing list you sign.

**Bottom line: watch your fuel burn, lock in your freight, and price cats and non‑ferrous like energy isn’t done yet.**

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,446/oz, up +$62.10 (+1.42%) day-over-day. Previous close: $4,384/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is up again, but the tape still looks choppy for scrap sellers.** Spot is around **$4,446/oz**, up about **1.4%** today, even though gold has dropped in **3 of the last 5** sessions. Buyers will like **clean, documented lots** with photos and serial tracking, especially as oil creeps toward **$100** and energy costs bite into their margins.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $65.85/oz, up +$0.4570 (+0.70%) day-over-day. Previous close: $65.39/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 67.5:1.

**Silver is grinding higher, but this still isn’t a clean breakout.** Silver is up about 46 cents today to **$65.85/oz**, with 3 up days in the last 5. The gold/silver ratio near **67.5:1** says silver is still the cheaper stress metal, even as oil creeps toward $100 and yard costs rise.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,765/oz, up +$9.00 (+0.51%) day-over-day. Previous close: $1,756/oz. MoM: +6.7%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,349/oz, up +$20.00 (+1.50%) day-over-day. Previous close: $1,329/oz. MoM: +5.7%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $9,350/oz, flat day-over-day. Previous close: $9,350/oz. MoM: +13.0%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

**PGMs are inching higher, but this is still a scrap seller’s market, not a panic market.** Platinum and palladium are both up today, but platinum’s 5-day trend is still soft, while palladium looks steadier. Rhodium is flat on the day, yet has crept higher in most recent sessions, and oil is pushing toward $100, so buyers will watch cat loads and core packs closely on costs.

Copper — Current Indicators

• COMEX/Spot Copper: $6.62/lb, up +$0.0165 (+0.25%) day-over-day. Previous close: $6.61/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is up again, sitting around **$6.62/lb**, with a small move higher today. You’re not getting a breakout, but the tape’s firm and 3 up days in the last 5 say buyers still need metal. With oil creeping toward $100 and Brent near **$96.48/bbl**, keep an eye on your yard and haul costs when you set buy numbers and think about when to move clean copper lots.

Aluminum — Current Indicators

• LME Aluminum: $3,299/tonne ($1.50/lb), up +$0.0031 (+0.21%) day-over-day. Previous close: $1.49/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Aluminum is **nudging higher**, sitting around **$1.50/lb** after a tiny gain today. Prices have been up in 4 of the last 5 sessions, helped by steady demand and oil creeping toward $100, which keeps energy and haul costs on your mind. If you’ve got clean aluminum ready, this is a decent tape to test the market and see where real bids land.

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.