Precious Metal Scrap Prices: Weekly Market Report (February 6-12, 2026)
Weekly Metal Price Report | 2026-02-13 09:19:59
Platinum scrap was among the strongest performers during the week, registering a pronounced upward move.
By Paul Ploumis
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.
See all Precious Metals Price Reports
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.
Access our Daily Scrap Metal Price Report Hub
POLL
Why did silver scrap outperform other precious metals in percentage terms?
Frequently Asked Questions
- What was the overall trend in North American precious metal scrap prices during the week of February 6-12, 2025?
Prices posted modest but broad-based gains during February 6–12, 2026, with gold, silver, and platinum all moving higher on the ScrapMonster Price Index.
- Which gold purity segment saw the strongest increase?
22-carat scrap gold recorded the sharpest rise among hallmarked grades, reflecting stronger demand for higher-purity material.
- How did silver scrap perform during the week?
Silver scrap prices surged more than 9%, closing at $64.86 per ounce, marking the strongest percentage gain among major precious metals.
