Smash Scrap Morning Metals Report – July 15, 2026

Prices as of July 15, 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 — $4,037/oz ▼
• Silver — $58.28/oz ▼
• PGMs — Rh ▸ $8,100 · Pt ▼ $1,612 · Pd ▼ $1,274
• Copper — $6.37/lb ▲
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4067

Smash Scrap Takeaways for Today

• Gold & Silver — Metals are soft today, so push gold-heavy lots now, but be picky and hold weaker silver if your yard can store.
• PGMs — With all PGMs down or flat, move only clean cats, cores, and high-grade material; sit on mixed or low-grade loads.
• Copper — Copper is the only metal up; lean into clean #1 and #2 copper sales and use auctions to force buyers to compete.
• Aluminum — Aluminum keeps drifting down; clean up mixed and dirty aluminum now, tighten segregation, and avoid long holds on low-grade.
• Big Picture — Only 1 of 8 metals is higher today, so focus on copper auctions and be patient on most other non-ferrous loads.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $85.01/bbl, down $0.4900 (-0.57%) day-over-day.

US Dollar Index (DXY): 101.01, up 0.04 (+0.04%) day-over-day.

**Energy is still firm, but risk is a little lighter today.** Brent is down to **$85.01** a barrel, which takes some heat off diesel and freight costs. The dollar is mixed, with **USD/CAD at 1.4067** and the **DXY at 101.01**, so currency pressure is not gone, but it is not spiking either.[1][8]

Rates are still the bigger risk. The **10-year yield is 4.62%** and the **2-year is 4.26%**, which keeps financing tight and can cap industrial demand. With inflation expectations at **2.25%**, real yields stay elevated, and that is usually a headwind for metals and the risk trade.[8]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,037/oz, down $11.80 (-0.29%) day-over-day. Previous close: $4,049/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still rich, but it’s drifting lower, not ripping higher.** Gold is around **$4,037/oz**, down a touch today and lower in 3 of the last 5 sessions, as the stronger dollar and softer risk tone lean on prices a bit. You don’t need to rush cats or gold-filled boards to market, but this isn’t the week to expect hero bids on clean gold scrap.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.28/oz, down $0.3720 (-0.63%) day-over-day. Previous close: $58.66/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 69.3:1.

**Silver’s still soft, so don’t get cute on price.** Silver is at **$58.28/oz**, down about **37 cents** today and lower in **3 of the last 5 sessions**, with a gold/silver ratio near **69:1**, which tells you gold is getting more respect than silver right now. With energy costs easing a bit and risk tone lighter, treat silver as a choppy, drifting market and be ready to move clean, well-documented silver loads when buyers show real interest instead of waiting for a big pop that isn’t here yet.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,612/oz, down $12.00 (-0.74%) day-over-day. Previous close: $1,624/oz. MoM: -8.6%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,274/oz, down $9.00 (-0.70%) day-over-day. Previous close: $1,283/oz. MoM: -3.6%.
• 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: ↓ 1 of last 5 sessions.

**PGM prices are soft today, so cat money stays tight.** Platinum and palladium are both down about 0.7%, even though they’ve bounced in 3 of the last 5 sessions, so buyers will stay picky on converter loads and pay up only for clean, documented cats with solid codes and assays. Rhodium is flat at $8,100, and with energy still firm but risk lighter, this feels like a holding pattern, not a panic — you should expect cautious bids, not a sudden rush higher.

Copper — Current Indicators

• COMEX/Spot Copper: $6.37/lb, up +$0.0075 (+0.12%) day-over-day. Previous close: $6.37/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

**Copper is still holding strong, but today’s move is barely a twitch.** Copper is at **$6.37/lb**, up less than a cent, and has climbed in **4 of the last 5 sessions**, so buyers are still there. With Brent at **$85.01** and energy pressure easing a bit, you can be patient and shop your copper instead of dumping it on the first offer.

Aluminum — Current Indicators

• LME Aluminum: $3,149/tonne ($1.43/lb), down $0.0118 (-0.82%) day-over-day. Previous close: $1.44/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is drifting lower, not crashing, so buyers still have room to be picky on your loads.** The board is around **$1.43/lb**, down about a cent today, but it’s been up in **3 of the last 5 sessions**, and energy costs are easing a bit with Brent near **$85/bbl**, so clean, well-documented aluminum should still pull stronger bids than mixed or dirty material.

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.