Precious Metal Scrap Prices: Weekly Market Report (September 4-10, 2026)
Weekly Metal Price Report | 2026-09-11 07:32:47
In contrast, all tracked gold categories—9ct, 14ct, 18ct and 22ct—declined by 1.17%, indicating that gold faced greater selling pressure despite continued volatility across the broader precious-metals complex.
By Paul Ploumis
SEATTLE (Scrap Monster): North American precious metals scrap prices showed a divergent performance on the ScrapMonster Price Index during the week ended September 10, 2026, with platinum and silver strengthening while gold scrap values moved lower.
Hallmarked Precious Metals Market
Based on ScrapMonster Price Index, platinum scrap recorded the strongest gain, rising 4.72% from the previous week’s price of $1,317.09. The gains were partly attributed to renewed supply concerns in South Africa, while expectations for industrial demand also provided support. The chart provided below depicts the weekly price movement in hallmarked platinum scrap:
Silver scrap also advanced 0.93% during the week. In contrast, all tracked gold categories—9ct, 14ct, 18ct and 22ct—declined by 1.17%, indicating that gold faced greater selling pressure despite continued volatility across the broader precious-metals complex.
The contrasting performance reflects changing expectations for U.S. monetary policy and interest rates. Stronger U.S. employment data early in the week lifted Treasury yields and strengthened expectations that the Federal Reserve could raise rates at its September 15–16 meeting, creating a headwind for non-yielding gold. Subsequent inflation-related data kept markets uncertain, while traders remained focused on the latest CPI and PPI readings. Geopolitical tensions and elevated crude oil prices provided an important counterweight.
Going forward, precious-metals scrap prices are likely to remain sensitive to U.S. inflation figures, Federal Reserve policy signals, Treasury yields, the dollar, crude oil prices, and developments in the Middle East. Gold may remain vulnerable to further rate-hike expectations, while platinum and silver could retain relative strength if industrial demand and supply-side concerns continue to support their respective markets.
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Non-Hallmarked Precious Metals Market
Non-hallmarked precious metals scrap prices posted a mixed performance over the week, with platinum and silver advancing while gold scrap prices declined across all tracked grades.
Platinum scrap delivered the strongest performance, climbing $62.23 per ounce, or 4.72%. The significantly stronger weekly gain highlights firmer supply-demand fundamentals and renewed investor interest in the metal.
Silver scrap also moved higher, gaining $0.44 per ounce, or 0.93% week-on-week, benefiting from its dual role as both a monetary metal and an industrial commodity. The weekly price variation in non-hallmarked silver scrap prices is outlined below:
Gold scrap prices, meanwhile, weakened consistently across the purity categories. 9ct gold scrap fell $17.88 per ounce, while 14ct gold declined $27.90. The higher-purity grades recorded proportionately larger dollar losses, with 18ct gold down $35.76 and 22ct gold down $43.6. Despite the different dollar movements, all four gold categories registered the same 1.17% weekly decline, indicating a broad-based correction in gold-related scrap values.
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Which precious metal showed the strongest performance during the week?
Frequently Asked Questions
- How did North American precious metals scrap prices perform during the week?
North American precious metals scrap prices recorded mixed movement. Platinum and silver prices increased, while all tracked gold scrap categories declined by 1.17%.
- Which precious metal recorded the strongest weekly gain?
Platinum scrap was the strongest performer, increasing 4.72%, or $62.23 per ounce. Supply concerns in South Africa and expectations for industrial demand provided additional support.
- Why did gold scrap prices decline during the week?
Gold faced pressure from changing expectations surrounding U.S. monetary policy, higher Treasury yields and the possibility of further Federal Reserve rate increases. These factors reduced demand for non-yielding gold.
