Smash Scrap Morning Metals Report – July 23, 2026

Prices as of July 23, 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 — $4,074/oz ▼
• Silver — $58.21/oz ▼
• PGMs — Rh ▸ $8,200 · Pt ▼ $1,604 · Pd ▼ $1,244
• Copper — $6.44/lb ▼
• Aluminum — $1.44/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4088

Smash Scrap Takeaways for Today

• Gold & Silver — Both are down over 1% today, so don’t rush cats and boards; tighten grading and hold marginal or mixed material unless you need cash flow.
• PGMs — Platinum and palladium are sliding while rhodium is flat; move clean, documented converter loads but park borderline cores that might get downgraded.
• Copper — Price is about 4 cents lower, so focus on stripping and sorting bare bright and #1, and avoid dumping downgraded or mixed copper into this soft tape.
• Aluminum — Price is barely off, less than a cent, so this is a decent day to clear well-sorted aluminum loads with photos and packing lists instead of waiting for a big move.
• Big Picture — 0 of 8 metals higher, 6 lower, 2 flat — buyers are picky, so only sell the clean, well-documented tons and be patient with questionable material.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $93.09/bbl, down $2.64 (-2.76%) day-over-day.

US Dollar Index (DXY): 101.34, up 0.35 (+0.35%) day-over-day.

**Energy’s backing off, but money’s getting more expensive.**

Brent’s around **$93**, down almost **3%**, so some heat comes out of fuel and freight costs for shredders and mills. But the **dollar’s firm** (DXY just over **101**, USD/CAD ~**1.41**), which leans against export tags and keeps imported metal and parts a bit cheaper in USD terms.

On the risk side, **yields keep grinding up** – 10Y near **4.6%**, 2Y above **4.2%**, with real yield around **2.35%**. High real rates and a stronger dollar usually mean **tighter risk appetite** and more picky buyers, so expect more questions on quality, photos, and BOLs before they chase your next load.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,074/oz, down $46.70 (-1.13%) day-over-day. Previous close: $4,121/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold’s still rich, but it’s giving a little back.** Gold’s around **$4,074/oz**, down about **1%** today, but it’s been up in **3 of the last 5 sessions**, so the tape is still firm. With the dollar ticking higher and Brent around **$93** and easing, you’re trading in a picky market, so move clean, documented gold-bearing scrap when buyers are chasing ounces, not when you’re guessing off one phone call.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.21/oz, down $1.17 (-1.97%) day-over-day. Previous close: $59.38/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 70.0:1.

**Silver’s still strong, but today it’s taking a breather.** Spot silver’s around **$58/oz**, down about **2%** on the day, even though it’s been up in **4 of the last 5 sessions**. With energy costs easing and the dollar firmer, buyers may get a bit pickier, so you don’t need to dump decent silver loads, but expect tighter bids on low-grade or mixed material.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,604/oz, down $22.00 (-1.35%) day-over-day. Previous close: $1,626/oz. MoM: -3.1%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,244/oz, down $25.00 (-1.97%) day-over-day. Previous close: $1,269/oz. MoM: +2.2%.
• 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: → flat over last 5 sessions.

**PGM prices are soft, so buyers are picky and you need to be smart with converter sales.** Platinum and palladium are both down today, while rhodium is just sitting flat, even after a big run this year. With the dollar stronger and fuel costs easing a bit, expect tight bids and more scrutiny on your cats, photos, and paperwork before buyers stretch on price.

Copper — Current Indicators

• COMEX/Spot Copper: $6.44/lb, down $0.0435 (-0.67%) day-over-day. Previous close: $6.48/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Copper’s slipping, but it’s not a crash.** Copper’s around **$6.44/lb**, down about **4 cents** and lower in **3 of the last 5 sessions**.[1][3] With the dollar firmer and energy easing, buyers stay picky, so you should move clean, documented copper and be patient on marginal or downgrade cats and mixed copper loads.

Aluminum — Current Indicators

• LME Aluminum: $3,183/tonne ($1.44/lb), down $0.0035 (-0.24%) day-over-day. Previous close: $1.45/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Aluminum’s sitting around **$1.44/lb**, down less than a cent today and soft in **3 of the last 5** sessions. With Brent near **$93** and easing, your fuel and freight pressure backs off a bit, but the stronger dollar means buyers stay picky, so clean, well-documented aluminum loads still have the best shot at moving at decent numbers.

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.