Smash Scrap Morning Metals Report – July 10, 2026

Prices as of July 10, 2026 at 07:31 AM CDT.

Market screen levels only — not yard pay prices. Actual buy prices at the scale will differ based on grade, moisture, contamination, and freight. The scrolling ticker at the top of this page shows live prices and may differ from the snapshot below.

Jump to:

• Gold — $4,103/oz ▼
• Silver — $59.75/oz ▼
• PGMs — Rh ▸ $8,200 · Pt ▸ $1,611 · Pd ▲ $1,255
• Copper — $6.27/lb ▲
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4169

Smash Scrap Takeaways for Today

• Gold & Silver — With both down, don’t rush sales; focus on cleaning, sorting, and photo docs so you’re ready when bids firm.
• PGMs — Palladium is the mover; push well-documented cat loads into auction and track serials/VINs to capture buyer interest.
• Copper — Up a few cents again; move clean #1 and bright now, and use your inventory tool to batch and ship full, tight loads.
• Aluminum — Weak today; hold borderline material, upgrade where you can, and tighten packing lists/BOLs so buyers see less risk.
• Big Picture — Mixed board with only 2 of 8 metals higher; competition and transparent auctions matter more than ever for real price discovery.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $76.55/bbl, up $0.5700 (+0.75%) day-over-day.

US Dollar Index (DXY): 100.84, down 0.01 (-0.01%) day-over-day.

**Energy is creeping higher again, but the risk dial isn’t flashing red yet.**

Brent sits around **$76.55**, up about **0.75%**, so diesel and fuel surcharges stay a quiet headwind on your trucking and processing costs.[1] The **U.S. dollar index is flat**, and **USD/CAD at 1.4169** keeps cross‑border spreads steady, so export cats and non‑ferrous don’t get much help from FX today.[4]

On the risk side, **10Y at 4.56%** and **2Y at 4.21%** are both nudging higher, but **inflation expectations down to 2.23%** keep the Fed steady for now.[4] Real yields are still strong, which lines up with gold trading more sideways and rangebound, not screaming panic.[4] Net read for yards: fuel costs edging up, macro risk contained, no big reason to change how you’re bidding tonnage today.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,103/oz, down $20.00 (-0.49%) day-over-day. Previous close: $4,123/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still high, but it lost a little ground today.** Spot sits at **$4,103/oz**, down **$20** on the day, and the trend has slipped in **3 of the last 5 sessions**. With Brent around **$76.55** and fuel costs still a quiet drag, sellers should watch margins closely and not chase yesterday’s number.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $59.75/oz, down $0.2045 (-0.34%) day-over-day. Previous close: $59.96/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 68.7:1.

**Silver has cooled off a bit, but it’s still rich metal you don’t ignore.** Silver’s sitting around **$59.75/oz**, down about **20 cents** today and lower in **3 of the last 5 sessions**, so don’t chase every cat or load assuming last week’s highs will stick.[1][3] The **gold/silver ratio near 69:1** says silver is still strong versus gold, but this is a choppy tape, so tighten your buy numbers and move clean, well-documented material that buyers can trust.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,611/oz, flat day-over-day. Previous close: $1,611/oz. MoM: -2.8%.
• Platinum 5-day trend: → flat over last 5 sessions.
• Palladium (Pd): $1,255/oz, up +$22.00 (+1.78%) day-over-day. Previous close: $1,233/oz. MoM: +4.2%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,200/oz, flat day-over-day. Previous close: $8,200/oz. MoM: +2.5%.
• Rhodium 5-day trend: ↑ 2 of last 5 sessions.

**PGM prices are calm, but that doesn’t mean you should sit on cats forever.** Platinum and rhodium are **flat**, while **palladium has ticked up** in 3 of the last 5 sessions, so your converter basket is holding value but not breaking out. With fuel costs creeping higher and no big macro panic on the screen, use this quiet tape to move well-documented loads through real competition instead of gambling on a big jump that may not come soon.

Copper — Current Indicators

• COMEX/Spot Copper: $6.27/lb, up +$0.0270 (+0.43%) day-over-day. Previous close: $6.25/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s inching higher again, not spiking, but enough to matter on decent loads.** Copper is around **$6.27/lb**, up about **3 cents** today and higher in **3 of the last 5 sessions**, so buyers are still lifting bids, just not chasing crazy numbers yet.[5][6] With energy costs and fuel surcharges still a quiet headwind, this kind of steady up move is a good time to move clean copper and keep the fluff sorted out.[1][5]

Aluminum — Current Indicators

• LME Aluminum: $3,162/tonne ($1.43/lb), down $0.0215 (-1.48%) day-over-day. Previous close: $1.46/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum slipped today, but the market still has a pulse.** Aluminum is around **$1.43/lb**, down about 2 cents (‑1.5%), so buyers may push a little harder on your price. The last week still shows **3 up days out of 5**, and with energy costs creeping higher but not crazy, you can keep moving clean, well‑sorted aluminum and let competition reveal the real number on your next load.

Steel Scrap (Shredded (SHS), scrapmonster) — Current Indicators

• Steel Scrap Shredded (SHS) (SCRAP-SHS): $413.00/mt, flat day-over-day. Previous close: $413.00/mt.
• 5-day trend: → flat over last 5 sessions.
• HMS 1&2 (80:20) (SCRAP-HM): $366.00/mt (flat day-over-day).

Want to move PGM-bearing material, copper, aluminum, or steel scrap through competitive bidding? List your lots on Smash Scrap and let vetted buyers compete for your scrap.