Precious Metal Scrap Prices: Weekly Market Report (February 6-12, 2026)
Platinum scrap was among the strongest performers during the week, registering a pronounced upward move.
SEATTLE (Scrap Monster): North American precious metal scrap prices, including gold, silver, and platinum in both hallmarked and non-hallmarked forms, posted modest gains on the ScrapMonster Price Index during the February 6-12, 2026 period.
Hallmarked Precious Metals Market
Hallmarked scrap gold prices recorded a strong week-on-week increase, supported by resilient demand and constructive market fundamentals, as reflected on the ScrapMonster Price Index. Broad-based gains were observed across multiple purity grades, driven by sustained purchasing activity from major recycling and refining segments, which maintained steady upward price momentum throughout the week.
Fourteen-carat scrap gold climbed by $130.18 per ounce, signaling strengthening consumption patterns and improved market sentiment. Meanwhile, eighteen-carat material posted an even sharper gain of $166.90 per ounce during the same timeframe, underpinned by steady trading volumes and firm buyer participation.
The most pronounced increase was seen in 22-carat scrap gold, which surged by $203.84 per pound, underscoring stronger buyer inclination toward higher-purity material. The accompanying chart outlines the week-on-week price trajectory for 22-carat hallmarked gold.
Lower-purity grades participated in the broader uptrend as well, with 9-carat scrap gold rising by roughly 4.76% week over week.
Across the broader precious metals scrap segment, silver posted a sharp advance of 9.38%, settling at $64.86 per ounce. Platinum also moved higher, registering a 6.72% weekly gain on the Index, further confirming the strengthening momentum across the precious metals recycling market.
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Non-Hallmarked Precious Metals Market
Scrap gold prices advanced across key purity segments during the week, supported by consistent buying interest and constructive market fundamentals. Fourteen-carat material rose by $123.10 per ounce, while 18-carat and 22-carat grades climbed $157.82 and $192.75 per ounce respectively. Lower-grade 9-carat scrap also followed the upward trend, posting a 4.76% week-on-week increase.
Platinum scrap was among the strongest performers during the week, registering a pronounced upward move. Prices advanced 6.72% to close at $1,947.49 per ounce by week’s end, as illustrated in the accompanying chart.
Silver scrap prices recorded a notable upswing, rising 9.4% over the week. The sharp advance reflects strengthening market sentiment and revived purchasing activity across the wider precious metals scrap segment.
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