Smash Scrap Morning Metals Report – June 1, 2026

Prices as of June 01, 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 — $4,505/oz ▼
• Silver — $75.49/oz ▲
• PGMs — Rh ▸ $8,800 · Pt ▲ $1,945 · Pd ▲ $1,342
• Copper — $6.56/lb ▲
• Aluminum — $1.68/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3798

Smash Scrap Takeaways for Today

• Gold & Silver — With gold down and silver inching up, move silver-heavy lots today and hold back nicer gold jewelry and coins if you have cash room.
• PGMs — With platinum and palladium up and rhodium flat, push catalytic converters and mixed PGM lots now while Pt/Pd strength is on your side.
• Copper — Copper is strong again, so use this pop to clear heavier #1 and #2 copper loads and problem material you’ve been sitting on.
• Aluminum — Aluminum is a bit firmer, so ship full, clean aluminum loads (sheet, extrusion, cast) rather than waiting for an extra fraction of a cent.
• Big Picture — 5 of 8 metals higher today, so sell into the strength on rising non‑ferrous and PGMs, and be selective on weaker gold.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $93.54/bbl, up $1.84 (+2.01%) day-over-day.

US Dollar Index (DXY): 99.06, down 0.15 (-0.15%) day-over-day.

Energy is running hot again. Brent crude is back above **$93.50**, up about **2%** on the day, which keeps fuel and freight costs pointed higher for scrap haulers and shredder yards. A firm oil tape often supports overall commodity risk, so this move also fits with the stronger tone we’ve seen in copper and aluminum screens.

The **U.S. dollar index is a touch softer** near 99, while **USD/CAD** holds around **1.38**, so currency is not adding much new pressure for cross‑border flows. Inflation expectations are steady near **2.4%**, the **Fed rate is unchanged** around **3.6%**, and **CPI is still creeping up**, which keeps rate‑cut hopes on a slow track. Auto production is ticking higher, a plus for future scrap supply but also a sign that real‑economy demand for metals is still there, keeping risk sentiment tilted slightly to the “on” side for now.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,505/oz, down $36.58 (-0.81%) day-over-day. Previous close: $4,542/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is trading around **$4,505/oz**, down about **0.8% today** and lower in 3 of the last 5 sessions, even as energy stays firm with Brent crude near **$93.54/bbl**. With the dollar a bit softer but gold still near record highs, scrap sellers and recyclers can still lock in very strong returns, but may want to price lots a little more carefully as the market cools off at the edges.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $75.49/oz, up +$0.1925 (+0.26%) day-over-day. Previous close: $75.30/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 59.7:1.

Silver is trading around **$75.49/oz**, up about **19 cents** today, with gains in **3 of the last 5 sessions**, so the short-term trend is gently higher. With the **gold/silver ratio near 59.7:1** and the dollar a bit weaker while **energy stays hot** (Brent crude around **$93.54/bbl**), yards may see slightly firmer bids, but most dealers will still price scrap carefully off purity and weight rather than chase this small move.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,945/oz, up +$29.00 (+1.51%) day-over-day. Previous close: $1,916/oz. MoM: -2.0%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,342/oz, up +$3.00 (+0.22%) day-over-day. Previous close: $1,339/oz. MoM: -11.1%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,800/oz, flat day-over-day. Previous close: $8,800/oz. MoM: -12.4%.
• Rhodium 5-day trend: ↓ 4 of last 5 sessions.

PGM prices are firm for scrap sellers today, with **platinum** at $1,945/oz and **palladium** at $1,342/oz, both up on the day. **Rhodium** is flat at $8,800/oz, but the recent downtrend shows sellers should stay alert. Energy is still hot and Brent crude is high at $93.54/bbl, which can help support PGM values.

Copper — Current Indicators

• COMEX/Spot Copper: $6.56/lb, up +$0.1620 (+2.53%) day-over-day. Previous close: $6.39/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is trading around **$6.56/lb**, up about **16 cents** today, with prices higher in **3 of the last 5 sessions**. With the **dollar a bit weaker** and **energy running hot** (Brent near **$93.54/bbl**), copper stays in a strong zone, so scrap sellers can expect **firm to better offers** if this trend holds.

Aluminum — Current Indicators

• LME Aluminum: $3,693/tonne ($1.68/lb), up +$0.0083 (+0.50%) day-over-day. Previous close: $1.67/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Aluminum is **up a little** at **$1.68/lb**, and it has now risen in **4 of the last 5 sessions**. For scrap sellers, that points to a firmer market, helped by stronger energy costs and a softer dollar.

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.