Precious Metal Scrap Prices: Weekly Market Report (May 8-14, 2026)
Weekly Metal Price Report | 2026-05-15 08:02:20
On a week-over-week basis, 22-carat scrap gold prices dropped by $59.80 per pound, driven by a mix of global and domestic factors.
By Paul Ploumis
SEATTLE (Scrap Monster): North American hallmarked and non-hallmarked gold scrap prices posted a slight week-on-week decline on the ScrapMonster Price Index during the week ended May 14, 2026. Meanwhile, both hallmarked and non-hallmarked silver and platinum scrap categories also registered declines over the same period.
Hallmarked Precious Metals Market
Hallmarked scrap gold prices recorded a slight week-on-week decline.
The slight dip in hallmarked and non-hallmarked gold scrap prices during the previous week was primarily driven by softer international gold prices amid profit-booking in global bullion markets. A stronger U.S. dollar and cautious investor sentiment also weighed on spot gold values, reducing support for scrap prices. In addition, stable local scrap supply and subdued buying activity from refiners and jewelers contributed to the mild downward pressure.
These market trends were clearly mirrored in the ScrapMonster Price Index, which recorded modest gains across multiple gold purity grades during the previous week.
Fourteen-carat scrap gold prices edged lower by $38.19 per ounce, tracking the broader weakness in global bullion markets. Similarly, eighteen-carat scrap gold prices decreased by $48.97 per ounce over the same period.
On a week-over-week basis, 22-carat scrap gold prices dropped by $59.80 per pound, driven by a mix of global and domestic factors.
The chart below highlights the weekly price movement of 22-carat hallmarked gold.
Lower-purity segments also mirrored the overall downward trend, with 9-carat scrap gold falling by around $24.49 compared to the previous week.
In the broader precious metals scrap market, silver recorded a robust 7.90% gain to reach $65.31 per ounce, while platinum advanced by 1.97% week-on-week, suggesting sustained recovery momentum.
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Non-Hallmarked Precious Metals Market
Scrap gold values weakened across all major purity grades over the week, mirroring the downward momentum in the global bullion market. Fourteen-carat scrap prices declined by $36.12 per ounce, while eighteen-carat and twenty-two-carat grades recorded losses of $46.30 and $56.54 per ounce, respectively. Meanwhile, 9-carat scrap also posted a modest week-on-week dip of 1.43%, underscoring a generally weak trend across segments.
Platinum scrap prices recorded a moderate weekly increase, climbing 1.97% to settle at a price of $1,550.84 per ounce, according to the chart below.
Silver scrap prices posted a notable week-on-week increase of 7.92%, supported by stronger global silver rates, improving industrial demand expectations, and tighter scrap supply in the market.
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What was the main driver behind the weekly decline in North American gold scrap prices?
Frequently Asked Questions
- Why did gold scrap prices decline during the week?
Gold scrap prices weakened due to softer international bullion prices, profit-booking activity, a stronger U.S. dollar, and stable local scrap supply.
- Which precious metal recorded the strongest gain?
Silver posted the strongest weekly gain, rising nearly 8% on stronger global rates and tightening scrap supply.
- Did both hallmarked and non-hallmarked gold prices decline?
Yes, both categories recorded moderate losses across key purity grades during the week.
