Smash Scrap Morning Metals Report – July 14, 2026

Prices as of July 14, 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 — $4,030/oz ▲
• Silver — $59.31/oz ▲
• PGMs — Rh ▸ $8,100 · Pt ▼ $1,600 · Pd ▲ $1,238
• Copper — $6.36/lb ▲
• Aluminum — $1.44/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4145

Smash Scrap Takeaways for Today

• Gold & Silver — With both moving up, tighten grading and photo your gold and silver loads; run auctions instead of locking in one-off yard deals.
• PGMs — Platinum’s soft but palladium is up and rhodium’s steady; don’t rush cats, build full, well-documented loads and time sales to auction windows.
• Copper — At $6.36 and climbing, push clean #1 and bare bright through competitive bidding; hold back mixed, hairy wire until you can sort and document better.
• Aluminum — Move clean segregated aluminum while it’s firm; avoid dumping dirty mix—use your inventory tool to split and track alloys before you sell.
• Big Picture — Five of eight metals are higher today, so lean into competition and auctions instead of guessing off yesterday’s sheet.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $86.68/bbl, up $3.35 (+4.02%) day-over-day.

US Dollar Index (DXY): 101.04, up 0.10 (+0.10%) day-over-day.

**Energy is hot, and that raises the floor on yard costs.** Brent jumped to **$86.68/bbl**, up **4.0%** on the day. That can bleed into diesel, power, and freight fast. It also keeps pressure on processors and haulers.

**Risk stays mixed.** The **USD/CAD at 1.4145** and a firmer **DXY at 101.04** point to a stronger U.S. dollar, which can cap some metal upside. Real rates are still high, with the **10Y at 4.56%** and real yield near **2.30%**, so gold and silver still face a headwind.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,030/oz, up +$26.30 (+0.66%) day-over-day. Previous close: $4,003/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is creeping higher, but buyers still care more about quality than hype.** Gold is up today around **$4,030/oz**, a small move higher after a choppy week. With fuel and yard costs rising off that hot Brent at **$86.68/bbl**, clean, well-documented gold loads matter more than ever if you want strong bids.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $59.31/oz, up +$1.65 (+2.86%) day-over-day. Previous close: $57.66/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 67.9:1.

**Silver’s up today, but the ride is still bumpy.** Silver is around **$59.31/oz**, up almost 3% on the day, but it’s been down in **3 of the last 5 sessions** and is still the weakest precious metal on recent momentum[1][3]. With the **gold/silver ratio near 67.9:1** and energy costs jumping, you should keep pulling clean silver-bearing material, but stay picky and don’t chase weak, mixed loads when the trend is this choppy[1][3].

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,600/oz, down $1.00 (-0.06%) day-over-day. Previous close: $1,601/oz. MoM: -6.8%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,238/oz, up +$4.00 (+0.32%) day-over-day. Previous close: $1,234/oz. MoM: -2.4%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,100/oz, flat day-over-day. Previous close: $8,100/oz. MoM: +1.2%.
• Rhodium 5-day trend: ↓ 2 of last 5 sessions.

**PGM sellers are seeing a split tape.** Platinum is soft at **$1,600/oz** and rhodium is flat at **$8,100/oz**, while palladium is the only one with a little lift at **$1,238/oz**. The 5-day trend is still shaky, so clean, documented converter loads matter more than hoping for a bounce.

Copper — Current Indicators

• COMEX/Spot Copper: $6.36/lb, up +$0.0885 (+1.41%) day-over-day. Previous close: $6.27/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is firm at $6.36/lb, up about 9 cents today.** The 5-day trend is still leaning up, and hot energy costs are helping keep the floor under yard prices. For scrap sellers, clean copper still looks strong, but mixed loads need tight sorting.

Aluminum — Current Indicators

• LME Aluminum: $3,172/tonne ($1.44/lb), up +$0.0073 (+0.51%) day-over-day. Previous close: $1.43/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is grinding higher, but not screaming.** Aluminum’s at **$1.44/lb**, up less than a cent today, with 3 up sessions in the last 5, so the trend is gently positive, not explosive. With Brent at **$86.68/bbl**, your fuel and yard costs stay firm, so this is a decent time to move clean, documented aluminum loads and use auctions to let buyers fight for the good cats and extrusion.

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.