Precious Metal Scrap Prices: Weekly Market Report (February 20-26, 2026)
Weekly Metal Price Report | 2026-02-27 09:11:53
Silver scrap prices followed a similar upward trajectory, increasing by 16.66 percent compared with the previous week.
By Paul Ploumis
SEATTLE (Scrap Monster): North American scrap prices for gold, silver, and platinum—across both hallmarked and non-hallmarked categories—recorded notable gains during the February 20-26, 2026 period on the ScrapMonster Price Index.
Hallmarked Precious Metals Market
Hallmarked scrap gold prices delivered a strong weekly performance, with multiple purity grades posting notable gains on the ScrapMonster Price Index, supported by steady demand across major recycling streams.
Fourteen-carat scrap gold recorded a weekly advance of $105.43 per ounce, reflecting improving buyer interest and firmer market sentiment. Prices for 18-carat material strengthened further, registering a rise of $135.16 per ounce over the period.
A notable increase was seen in 22-carat scrap gold, which surged by $165.07 per pound, underscoring heightened demand for higher-purity material.
Meanwhile, lower-grade 9-carat scrap gold also trended upward, posting a week-on-week gain of approximately 3.73 percent.
In the broader precious metals segment, silver scrap prices climbed sharply, advancing 16.66 percent to settle at $68.33 per ounce. The chart below provides the weekly price movement in hallmarked silver scrap:
Platinum scrap followed a similar trajectory, recording a solid increase of 12.22 percent to close the week at a higher rate over the previous week, signalling continued strength across the precious metals scrap market.
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Non-Hallmarked Precious Metals Market
Gold scrap prices across key purity segments moved higher during the week, supported by firm buying interest. Fourteen-carat scrap gold advanced by $99.69 per ounce, while 18-carat and 22-carat grades posted moderate gains of $127.80 and $156.09 per ounce, respectively.
Lower-purity 9-carat gold scrap also registered a positive trend, recording a week-on-week rise of 3.73 percent, as illustrated in the accompanying chart.
Platinum scrap prices delivered a particularly strong performance over the period. Values climbed sharply by 12.22 percent, up from the prior week’s level of $1,509.28 per ounce.
Silver scrap prices followed a similar upward trajectory, increasing by 16.66 percent compared with the previous week. The gains reflect strengthening market sentiment and renewed buying momentum across the precious metals scrap segment.
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POLL
Which precious metal will maintain the strongest momentum next week?
Frequently Asked Questions
- Which precious metal recorded the largest percentage gain?
Silver scrap led the rally, surging 16.66% week-on-week.
- How did gold scrap prices perform?
All major purity grades (9K, 14K, 18K, 22K) recorded solid gains in both hallmarked and non-hallmarked categories, with higher-purity grades showing stronger absolute increases.
- Did lower-purity gold grades also rise?
Yes. 9-carat gold scrap increased by approximately 3.73% week-on-week.
