Smash Scrap Morning Metals Report – September 8, 2026

Prices as of September 08, 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 — $4,396/oz ▼
• Silver — $65.91/oz ▼
• PGMs — Rh ▲ $9,475 · Pt ▲ $1,820 · Pd ▼ $1,347
• Copper — $6.81/lb ▲
• Aluminum — $1.51/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3840

Smash Scrap Takeaways for Today

• Gold & Silver — With both down again, tighten your buying; pay close to melt only on clean, documented lots.
• PGMs — Rhodium and platinum are firm; consider moving well-graded cats now, but don’t chase weak palladium-heavy loads.
• Copper — At $6.81 and up ~14 cents, ship prepared copper loads today instead of waiting for more upside.
• Aluminum — With prices lifting and bids showing up, push non-ferrous BOLs out now while buyers still have appetite.
• Big Picture — Mixed board: 4 metals higher, 3 lower, 1 flat — use data, not gut, on what you move today.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $98.74/bbl, up $2.91 (+3.04%) day-over-day.

US Dollar Index (DXY): 98.95, down 0.61 (-0.61%) day-over-day.

**Oil is now the risk story. Brent is pressing $99 and creeping toward triple digits.**

Brent crude sits at **$98.74**, up about **3%** today and up strong over the last week. Higher oil means more expensive diesel, shredder power, and truck runs. It makes every move of a load a little tighter on margin.

The **U.S. dollar index is softer**, but the **USD stays firm vs CAD** around 1.384, so cross‑border yards still feel dollar strength on imports and exports. Long rates eased a touch, but real yields are still above 2%, which keeps pressure on gold and broad risk appetite.

**Bottom line: energy is rising, risk is cautious — watch your fuel, freight, and yard run costs on every load.**

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,396/oz, down $32.60 (-0.74%) day-over-day. Previous close: $4,429/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is drifting lower again, sitting around **$4,396/oz**, down about 0.7% today. You’re not seeing panic, but with gold weak in 3 of the last 5 sessions, buyers have more room to lean on your cat and jewelry scrap prices. With **oil now the risk story** and Brent near **$98.74/bbl**, expect your fuel and melt costs to stay firm even while gold slumps, so price your gold loads with that squeeze in mind.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $65.91/oz, down $0.3055 (-0.46%) day-over-day. Previous close: $66.22/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 66.7:1.

Silver is drifting lower again, now around **$65.91/oz**, down about 31 cents today and weaker in 3 of 5 sessions. Oil near **$98.74/bbl** keeps costs and risk in focus, so expect buyers to stay picky and push harder on weaker, mixed silver loads. Clean, documented lots with photos and serials still stand the best chance to move in this softer tape.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,820/oz, up +$4.00 (+0.22%) day-over-day. Previous close: $1,816/oz. MoM: +6.5%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,347/oz, down $21.00 (-1.54%) day-over-day. Previous close: $1,368/oz. MoM: +1.5%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $9,475/oz, up +$75.00 (+0.80%) day-over-day. Previous close: $9,400/oz. MoM: +11.8%.
• Rhodium 5-day trend: ↑ 4 of last 5 sessions.

**PGMs are mixed, but the tape is still firm enough for clean material.** Platinum is up to **$1,820/oz** and rhodium is stronger at **$9,475/oz**, while palladium slipped to **$1,347/oz**. Brent at **$98.74/bbl** keeps the cost side hot, so documented loads with good sorting and photo proof should hold more attention than blind phone offers.

Copper — Current Indicators

• COMEX/Spot Copper: $6.81/lb, up +$0.1395 (+2.09%) day-over-day. Previous close: $6.67/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is firm again, and that matters if you’ve got clean metal ready to move.** At **$6.81/lb**, copper is up **14 cents** and has risen in **3 of the last 5 sessions**, so sellers with sorted loads and good docs may want to act while the tape is still working.

Aluminum — Current Indicators

• LME Aluminum: $3,326/tonne ($1.51/lb), up +$0.0150 (+1.00%) day-over-day. Previous close: $1.49/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Aluminum is nudging higher, now around **$1.51/lb**, up about 2 cents and green in 4 of the last 5 sessions. Oil near **$98.74/bbl** keeps energy costs in focus, so this slow grind up is a decent window to move clean aluminum loads instead of waiting for a perfect 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.