Precious Metal Scrap Prices: Weekly Market Report (September 4-10, 2026)

Weekly Metal Price Report  |  2026-09-11 07:32:47   |   By

In contrast, all tracked gold categories—9ct, 14ct, 18ct and 22ct—declined by 1.17%, indicating that gold faced greater selling pressure despite continued volatility across the broader precious-metals complex.

Summary
  • Platinum Leads Weekly Gains: Platinum scrap prices rose 4.72%, supported by supply concerns in South Africa, industrial demand expectations and renewed investor interest.
  • Silver Posts Moderate Increase: Silver scrap advanced 0.93% during the week, benefiting from both investment demand and its industrial applications.
  • Gold Prices Decline Across Grades: 9ct, 14ct, 18ct and 22ct gold scrap prices each dropped 1.17% as higher Treasury yields and shifting U.S. interest-rate expectations pressured gold.

SEATTLE (Scrap Monster): North American precious metals scrap prices showed a divergent performance on the ScrapMonster Price Index during the week ended September 10, 2026, with platinum and silver strengthening while gold scrap values moved lower.

Hallmarked Precious Metals Market

Based on ScrapMonster Price Index, platinum scrap recorded the strongest gain, rising 4.72% from the previous week’s price of $1,317.09. The gains were partly attributed to renewed supply concerns in South Africa, while expectations for industrial demand also provided support. The chart provided below depicts the weekly price movement in hallmarked platinum scrap:

Silver scrap also advanced 0.93% during the week. In contrast, all tracked gold categories—9ct, 14ct, 18ct and 22ct—declined by 1.17%, indicating that gold faced greater selling pressure despite continued volatility across the broader precious-metals complex.

The contrasting performance reflects changing expectations for U.S. monetary policy and interest rates. Stronger U.S. employment data early in the week lifted Treasury yields and strengthened expectations that the Federal Reserve could raise rates at its September 15–16 meeting, creating a headwind for non-yielding gold. Subsequent inflation-related data kept markets uncertain, while traders remained focused on the latest CPI and PPI readings. Geopolitical tensions and elevated crude oil prices provided an important counterweight.

Going forward, precious-metals scrap prices are likely to remain sensitive to U.S. inflation figures, Federal Reserve policy signals, Treasury yields, the dollar, crude oil prices, and developments in the Middle East. Gold may remain vulnerable to further rate-hike expectations, while platinum and silver could retain relative strength if industrial demand and supply-side concerns continue to support their respective markets.

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Non-Hallmarked Precious Metals Market

Non-hallmarked precious metals scrap prices posted a mixed performance over the week, with platinum and silver advancing while gold scrap prices declined across all tracked grades.

Platinum scrap delivered the strongest performance, climbing $62.23 per ounce, or 4.72%. The significantly stronger weekly gain highlights firmer supply-demand fundamentals and renewed investor interest in the metal.

Silver scrap also moved higher, gaining $0.44 per ounce, or 0.93% week-on-week, benefiting from its dual role as both a monetary metal and an industrial commodity. The weekly price variation in non-hallmarked silver scrap prices is outlined below:

Gold scrap prices, meanwhile, weakened consistently across the purity categories. 9ct gold scrap fell $17.88 per ounce, while 14ct gold declined $27.90. The higher-purity grades recorded proportionately larger dollar losses, with 18ct gold down $35.76 and 22ct gold down $43.6. Despite the different dollar movements, all four gold categories registered the same 1.17% weekly decline, indicating a broad-based correction in gold-related scrap values.

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