Gold and Silver Scrap Ease as Platinum Rebounds 0.80%

North American precious-metal scrap benchmarks moved in different directions during October 9-15, with gold declining across all major purity grades and silver falling more than 2.6%, while platinum rebounded 0.80% in both hallmarked and non-hallmarked markets.

Reporting period: October 9-15, 2026

MONTREAL (Scrap Monster): North American scrap gold and silver prices, across both hallmarked and non-hallmarked grades, declined modestly during the October 9-15, 2026 period, according to the ScrapMonster Price Index.

Platinum moved in the opposite direction, posting modest gains in both pricing categories and rebounding from the previous week's weaker performance.

Hallmarked Precious Metals Market

Hallmarked gold scrap prices declined across the major purity grades during October 9-15, extending the weaker trend recorded in the previous reporting period.

The weekly softness coincided with periods of higher U.S. Treasury yields, a firmer U.S. dollar and profit-taking following earlier gains in the bullion market. Those factors can reduce investor demand for non-yielding precious metals and influence underlying scrap benchmarks.

Fourteen-carat scrap gold fell $3.47 per ounce, while 18-carat material declined $4.45 per ounce. Twenty-two-carat scrap gold recorded the largest absolute decline among the listed hallmarked grades, falling $5.43 per ounce.

Nine-carat scrap gold also moved lower, shedding $2.23 per ounce over the week.

Hallmarked Silver Scrap

Hallmarked silver scrap prices declined by $1.20 per ounce, or ↓2.65%, to close the October 9-15 period at $44.06 per ounce.

The chart below illustrates the weekly price trajectory for hallmarked silver scrap.

Hallmarked Platinum Scrap

Platinum scrap rebounded during the week, rising $9.48 per ounce, or ↑0.80%, from the previous week's level.

The improvement followed the previous week's weaker performance. The report attributed the rebound to renewed buying interest at lower price levels, relative-value positioning following earlier moves in other precious metals, and continued concerns over primary platinum supply.

See All Precious Metals Price Reports

Non-Hallmarked Precious Metals Market

Non-hallmarked gold scrap prices also weakened across the major purity grades during the reporting week, mirroring the direction of the hallmarked market.

Fourteen-carat scrap gold declined $3.28 per ounce, while 18-carat and 22-carat material fell $4.20 and $5.14 per ounce, respectively.

Nine-carat scrap gold moved lower by $2.10 per ounce week over week.

The chart below shows the weekly price movement in 9-carat non-hallmarked gold scrap.

Non-Hallmarked Platinum Scrap

Platinum scrap prices rebounded on the ScrapMonster Price Index, gaining $9.48 per ounce, or ↑0.80%, from the prior week's level of $1,182.85 per ounce.

The increase brought the October 15 benchmark to $1,192.33 per ounce.

Non-Hallmarked Silver Scrap

Silver scrap prices followed a weaker weekly trajectory, declining $1.16 per ounce, or ↓2.67%, compared with the previous week.

The report linked the weaker silver market to movements in U.S. Treasury yields and the dollar, alongside softer industrial-market sentiment. Silver demand remains more exposed than gold to industrial consumption because of its use across sectors including electronics and solar applications.

Weekly Market Read

The October 9-15 period produced a clear split across North American precious-metal scrap benchmarks. Gold weakened modestly across every listed hallmarked and non-hallmarked purity grade, while silver posted the larger percentage decline at more than 2.6%.

Platinum was the exception. Its $9.48-per-ounce rebound reversed part of the previous week's decline and made it the only major precious-metal scrap category in the report to finish the period higher.

Benchmark scrap-price movements • Actual dealer, refinery and yard payouts can vary with assay, purity, material form, quantity, refining charges, settlement terms and location.