Smash Scrap Morning Metals Report – July 9, 2026
Prices as of July 09, 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.
All tracked metals are higher today.
Jump to:
- Gold — $4,105/oz ▲
- Silver — $59.14/oz ▲
- PGMs — Rh ▸ $8,200 · Pt ▲ $1,613 · Pd ▲ $1,232
- Copper — $6.24/lb ▲
- Aluminum — $1.44/lb ▲
- Steel Scrap — $413.00/mt ▸
- Macro Backdrop
- CAD — USD/CAD 1.4174
Smash Scrap Takeaways for Today
- Gold & Silver — With both up again, don’t rush sales; hold clean jewelry, bars, coins, and high-grade silver until buyers chase you.
- PGMs — Platinum and palladium are firm while rhodium is flat; push complete cats and clean converter lots into auctions now to capture today’s strength.
- Copper — Strong pop, almost 2% up; move #1 and #2 bright & shiny and clean wire while buyers are paying up for tight, well-documented loads.
- Aluminum — My “sell fast” call when it was sliding was wrong; with prices now grinding higher, sort and upgrade mixed/dirty alu instead of dumping it.
- Big Picture — Six of eight metals are higher today with rhodium and steel flat, so competition and good documentation should help reveal better prices across most grades.
Macro Backdrop — Energy and Risk
Brent Crude Oil: $78.44/bbl, down $0.3000 (-0.38%) day-over-day.
US Dollar Index (DXY): 100.94, up 0.09 (+0.09%) day-over-day.
**Energy is soft, but money’s not cheap. That’s your risk mix today.**
Brent sits around **$78.44**, down about **30 cents**, so fuel pressure eases a bit for yards and haulers. Oil isn’t crashing, just drifting, so don’t expect big changes to shredder or trucking costs yet.
On the money side, the **10Y at 4.55%** and **2Y at 4.19%** keep borrowing costs high, even with Fed funds stuck near **3.63%**. The **US dollar index at 100.9** is firm and **USD/CAD at 1.417** keeps cross‑border deals choppy, so export risk and FX noise stay in play for your spread calls.
Gold — Safe-Haven Indicator
- Spot Gold (XAU): $4,105/oz, up +$27.20 (+0.67%) day-over-day. Previous close: $4,078/oz.
- 5-day trend: ↑ 3 of last 5 sessions.
**Gold’s still climbing, so don’t sleep on your cats and boards.** Gold is at **$4,105/oz**, up about **0.7% today**, with 3 green sessions out of the last 5 and a firm dollar still in the mix. With money staying tight and gold grinding higher, it’s a good time to track, sort, and document your gold-bearing scrap so you’re ready to sell when your payout looks right.
Silver — Industrial & Precious Hybrid
- Spot Silver (XAG): $59.14/oz, up +$0.6985 (+1.20%) day-over-day. Previous close: $58.44/oz.
- 5-day trend: ↑ 3 of last 5 sessions.
- Gold/Silver ratio: 69.4:1.
**Silver’s firm today, but money’s still tight, so don’t get greedy on your asks.** Silver is around **$59.14/oz**, up about 70 cents (1.2%), with prices higher in **3 of the last 5 sessions** and a gold/silver ratio near **69:1**. Energy is soft and Brent crude is sitting near **$78.44/bbl**, so expect steady, selective demand for silver-bearing scrap, not a melt-up.
Precious Metals (PGM) — Screen Indicators
- Platinum (Pt): $1,613/oz, up +$30.00 (+1.90%) day-over-day. Previous close: $1,583/oz. MoM: -6.0%.
- Platinum 5-day trend: ↑ 3 of last 5 sessions.
- Palladium (Pd): $1,232/oz, up +$29.00 (+2.41%) day-over-day. Previous close: $1,203/oz. MoM: +1.7%.
- 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: ↑ 3 of last 5 sessions.
**PGMs are firm today, so converter loads look a bit better, but this is still a trader’s market, not a moonshot.** Platinum and palladium are both up again and have logged gains in 3 of the last 5 sessions, while rhodium is steady but still rich versus pre‑COVID norms.[1][3] Energy is soft and money isn’t cheap, so don’t get greedy holding cats too long — use real bids and basket pricing to decide when to move inventory.
Copper — Current Indicators
- COMEX/Spot Copper: $6.24/lb, up +$0.1180 (+1.93%) day-over-day. Previous close: $6.12/lb.
- 5-day trend: ↓ 3 of last 5 sessions.
**Copper is firmer at $6.24/lb, up about 12 cents today, but the tape is still choppy.** The 5-day trend is down in 3 of the last 5 sessions, so this looks more like a bounce than a clean turn. With energy soft and money still tight, scrap sellers should watch for price swings, not chase one green day.
Aluminum — Current Indicators
- LME Aluminum: $3,166/tonne ($1.44/lb), up +$0.0114 (+0.80%) day-over-day. Previous close: $1.42/lb.
- 5-day trend: ↑ 3 of last 5 sessions.
**Aluminum’s holding up, and buyers still need clean, documented loads.** Aluminum is around **$1.44/lb**, up about a cent today, with prices higher in 3 of the last 5 sessions. With energy soft and money still tight, buyers are picky, so sorted, photo-documented aluminum through SMASH helps you stand out and get real price discovery.
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.
