Smash Scrap Morning Metals Report – July 8, 2026

Prices as of July 08, 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 — $4,068/oz ▼
• Silver — $58.49/oz ▼
• PGMs — Rh ▸ $8,250 · Pt ▼ $1,574 · Pd ▼ $1,196
• Copper — $6.10/lb ▼
• Aluminum — $1.43/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4199

Smash Scrap Takeaways for Today

• Gold & Silver — Prices are soft today; don’t panic-sell, but tighten spreads and move clean, documented material first while demand is still there.
• PGMs — Platinum and palladium are both under pressure; slow down on low-yield cats and mixed PGM scrap, and only move well-graded, fully pictured loads.
• Copper — With copper down again, avoid slashing your yard buy prices; instead, push heavier and stripped copper loads to competitive buyers to test real demand.
• Aluminum — Aluminum is the only metal up; use auctions to shop your clean aluminum and sheet loads while sentiment is still positive.
• Big Picture — One of 8 metals higher, five lower, two flat — this is a risk-off tape, so be picky on what you move and get multiple bids on every load.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $77.48/bbl, up $1.28 (+1.68%) day-over-day.

US Dollar Index (DXY): 101.15, up 0.29 (+0.29%) day-over-day.

**Energy is firm, dollar is firm. Risk is still on the table.**

Brent crude is holding near **$77.48**, up about **1.7%**, so fuel costs are nudging higher again for shredders and haulers. Strong oil plus higher coffee and food costs keep pressure on CPI, which is still rising, while consumer sentiment stays weak. That mix can squeeze volumes at the yard even if auto production and industrial output are ticking up.

On the risk side, the **U.S. dollar index is at 101.15** and **USD/CAD is 1.42**, so the greenback is still firm against most currencies. Yields have eased a touch, but the Fed rate is stuck at **3.63%**, so money isn’t cheap. Net result: energy up, dollar strong, credit not loose. Plan your bids with higher operating costs in mind and don’t stretch on risky loads.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,068/oz, down $30.40 (-0.74%) day-over-day. Previous close: $4,099/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still rich, but it’s drifting lower, so don’t get greedy or desperate.** Gold’s at **$4,068/oz**, down about **0.7%** today and lower in **3 of the last 5 sessions**, with a firm dollar pressuring prices. If you’re sitting on clean, documented gold, you still have strong value, but this isn’t the week to play hero on offer prices or panic-dump either.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.49/oz, down $1.18 (-1.97%) day-over-day. Previous close: $59.67/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 69.6:1.

**Silver just slipped, but it’s still rich enough that every ounce in your buckets matters.** Silver is at **$58.49/oz**, down about 2% today, even though it’s been up in **3 of the last 5 sessions.** With the dollar firm and gold/silver ratio near **70:1**, you should still track and document your silver-bearing scrap and e‑scrap loads closely, because small moves at this price add up fast on real yard volume.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,574/oz, down $57.00 (-3.49%) day-over-day. Previous close: $1,631/oz. MoM: -10.3%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,196/oz, down $49.00 (-3.94%) day-over-day. Previous close: $1,245/oz. MoM: -0.5%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,250/oz, flat day-over-day. Previous close: $8,250/oz. MoM: +3.1%.
• Rhodium 5-day trend: ↑ 3 of last 5 sessions.

PGM prices are soft today, with **platinum and palladium both down** and rhodium just inching higher in recent sessions. With energy and the dollar both firm, this feels like a cautious market, so you should avoid panic-selling converters and instead tighten documentation, shop multiple bids, and move only clean, well-sorted PGM loads when numbers make sense.

Copper — Current Indicators

• COMEX/Spot Copper: $6.10/lb, down $0.0730 (-1.18%) day-over-day. Previous close: $6.17/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Copper is drifting lower, not crashing.** Copper is around **$6.10/lb**, down about 7 cents today and weaker in 3 of the last 5 sessions. With energy firm and the dollar firm, buyers may stay cautious, so you should expect tighter bids and more pushback on your heavy copper and wire.

Aluminum — Current Indicators

• LME Aluminum: $3,153/tonne ($1.43/lb), up +$0.0057 (+0.40%) day-over-day. Previous close: $1.42/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is edging up, but this is a slow grind, not a rocket.** Aluminum is around **$1.43/lb**, up less than a cent today and higher in **3 of the last 5 sessions**, so the trend is gently positive. With **energy firm and the dollar firm**, this looks like steady, controlled strength, so you don’t need to rush clean aluminum out the gate, but it’s still smart to keep mixed and dirty grades moving so you’re not sitting on material if the market cools again.

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.