Smash Scrap Morning Metals Report – July 24, 2026

Prices as of July 24, 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 — $4,059/oz ▲
• Silver — $58.59/oz ▲
• PGMs — Rh ▸ $8,200 · Pt ▲ $1,602 · Pd ▲ $1,240
• Copper — $6.37/lb ▲
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4083

Smash Scrap Takeaways for Today

• Gold & Silver — With both up again, tighten buy prices on jewelry, coins, and silver scrap and move clean material now.
• PGMs — Platinum, palladium up and rhodium flat: drain cats, sort PGM loads, and auction full, documented lots to capture strength.
• Copper — With copper up about 4 cents, push to ship bare bright, #1, and #2 today instead of sitting on inventory.
• Aluminum — Price is softer; slow your buying on low-grade sheet/extrusion and focus on moving only higher-grade, well-sorted aluminum.
• Big Picture — 5 of 8 metals are higher, so lean into selling non-ferrous and PGMs while keeping ferrous and rhodium on normal flow.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $91.82/bbl, down $8.58 (-8.55%) day-over-day.

US Dollar Index (DXY): 101.43, up 0.44 (+0.44%) day-over-day.

**Oil just gave yards a break, but risk is still rising.**

Brent crude dropped hard, off more than 8% to about $92. That helps diesel and cutting costs, but don’t count on it lasting.

The U.S. dollar is firm and DXY is ticking up. Rates keep grinding higher, with 10Y and 2Y both edging up. Stronger dollar and higher yields mean more macro risk for metals and for your export tickets.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,059/oz, up +$10.10 (+0.25%) day-over-day. Previous close: $4,049/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold is pushing new highs, and your scrap loads matter more than ever.** Gold is around **$4,059/oz**, up a bit today and green in 3 of the last 5 sessions. With the dollar firmer and oil off recent highs, yards are seeing some cost relief, but gold staying strong means it’s a good time to tighten your inventory game, track serials and photos, and make sure every gram of cats, boards, and jewelry hits the scale.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.59/oz, up +$0.9265 (+1.61%) day-over-day. Previous close: $57.66/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 69.3:1.

**Silver just broke higher again, so don’t sleep on your buckets and boards.** Silver is at about **$58.59/oz**, up almost **$0.93** today and rising in **4 of the last 5 sessions**.[1][5] The gold/silver ratio near **69:1** says silver still has room versus gold, so this is a good time to tighten up grading and move clean silver scrap while buyers are paying attention.[1][5]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,602/oz, up +$8.00 (+0.50%) day-over-day. Previous close: $1,594/oz. MoM: +0.8%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,240/oz, up +$3.00 (+0.24%) day-over-day. Previous close: $1,237/oz. MoM: +7.0%.
• Palladium 5-day trend: ↑ 4 of last 5 sessions.
• Rhodium (Rh): $8,200/oz, flat day-over-day. Previous close: $8,200/oz. MoM: +3.1%.
• Rhodium 5-day trend: ↓ 1 of last 5 sessions.

**PGM prices are firming, but this is still a tactical market for cats, not a frenzy.** Platinum and palladium are grinding higher, with several up sessions in a row, while rhodium is stuck in neutral. With oil off recent highs and the dollar stronger, scrap sellers should expect steady bids, use photos and converter data, and shop multiple buyers before you move packed PGM loads.

Copper — Current Indicators

• COMEX/Spot Copper: $6.37/lb, up +$0.0360 (+0.57%) day-over-day. Previous close: $6.33/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s creeping up, not roaring.** Copper is about **$6.37/lb**, up roughly 4 cents and green in 3 of the last 5 sessions. For you, that means don’t give it away, but don’t expect hero numbers either — with oil easing and the dollar firm, this feels like steady, grind‑up pricing, not a melt‑up.

Aluminum — Current Indicators

• LME Aluminum: $3,158/tonne ($1.43/lb), down $0.0151 (-1.04%) day-over-day. Previous close: $1.45/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum slipped, but the chart still leans your way.** Aluminum is around **$1.43/lb**, down about **2 cents** today, but it has still finished higher in **3 of the last 5 sessions**. With Brent crude near **$91–92** and off sharply, your yard is getting a bit of cost relief even as aluminum cools off, so think twice before you panic and start blowing out clean non‑ferrous loads at the first lowball offer.

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.