Precious Metal Scrap Prices: Weekly Market Report (March 6-12, 2026)
Weekly Metal Price Report | 2026-03-13 07:51:53
Platinum scrap prices posted a notably strong weekly performance.
By Paul Ploumis
SEATTLE (Scrap Monster): North American scrap prices for gold, silver, and platinum moved higher during the week of March 6–12, 2026, with both hallmarked and non-hallmarked grades posting notable increases on the ScrapMonster Price Index.
Hallmarked Precious Metals Market
Hallmarked scrap gold prices posted a robust weekly performance, with several purity categories registering strong gains on the ScrapMonster Price Index, driven by consistent demand from key recycling channels.
Fourteen-carat scrap gold advanced by $44.23 per ounce over the week, indicating stronger buying interest and an improving market outlook. Prices for 18-carat scrap gold climbed further, recording a weekly increase of $56.71 per ounce.
Higher-purity 22-carat scrap gold saw a particularly strong rise, jumping $69.26 per pound, highlighting firm demand for premium-grade material. Meanwhile, 9-carat scrap gold, representing lower-purity material, also moved upward, posting a week-on-week gain of about 1.54%.
Across the wider precious metals segment, silver scrap prices recorded a notable jump, rising 2.40% to reach $64.96 per ounce by the end of the week. The chart below provides the weekly price movement in hallmarked silver scrap:
Platinum scrap prices also trended higher during the same period, increasing 2.61% week-over-week to close at a stronger level compared with the previous week, pointing to sustained momentum in the precious metals scrap market.
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Non-Hallmarked Precious Metals Market
Gold scrap values across major purity grades trended upward during the week, backed by steady purchasing activity. 14-carat scrap gold rose by $41.83 per ounce, while 18-carat and 22-carat materials recorded gains of $53.62 and $65.48 per ounce, respectively.
Lower-grade 9-carat scrap gold also moved higher, registering a week-over-week increase of 1.54%, as shown in the accompanying chart.
Platinum scrap prices posted a notably strong weekly performance. The metal advanced 2.61%, climbing above the previous week’s level of $1,566.89 per ounce.
Silver scrap values also followed an upward path, rising 2.40% compared with the prior week. The overall increases highlight strengthening market sentiment and renewed buying interest across the precious metals scrap sector.
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Frequently Asked Questions
- Which gold scrap purity grades recorded notable gains?
Hallmarked 14K, 18K, and 22K scrap gold saw strong increases, while 9K scrap gold also posted a modest weekly gain.
- How did silver scrap prices perform during the week?
Silver scrap prices rose by 2.40%, reaching $64.96 per ounce by the end of the week.
- What does the price movement indicate about market sentiment?
The broad gains suggest strengthening market sentiment and renewed buying momentum in the precious metals recycling market.
