Smash Scrap Morning Metals Report – June 10, 2026

Prices as of June 10, 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 — $4,133/oz ▼
• Silver — $64.12/oz ▼
• PGMs — Rh ▸ $8,000 · Pt ▼ $1,650 · Pd ▼ $1,200
• Copper — $6.23/lb ▼
• Aluminum — $1.58/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3947

Smash Scrap Takeaways for Today

• Gold & Silver — Both are sliding, so don’t rush; move only clean, high-value pieces you *need* to sell and tighten the spread you’ll accept from buyers.
• PGMs — Platinum and palladium are hit hardest while rhodium sits flat, so pull back on selling cat converters unless buyers pay up for the PGM content.
• Copper — With copper down ~11 cents and still up 3 of the last 5 sessions, hold decent #1 and #2 if you can and use today to sort and strip to upgrade grades.
• Aluminum — Aluminum is slipping like we warned, so clear any borderline or dirty alu now and save clean extrusion and sheet for a firmer day.
• Big Picture — 0 of 8 metals higher, 6 lower, 2 flat — this is a “manage inventory, don’t panic sell” tape, so tighten quotes and focus on cleaning and documenting loads for when the bids come back.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.81/bbl, up $0.5300 (+0.57%) day-over-day.

US Dollar Index (DXY): 99.97, down 0.10 (-0.10%) day-over-day.

**Energy is a bit hot, and that keeps risk in play.** Brent is back at **$92.81** a barrel, up **53 cents** on the day. That can support freight and fuel costs, which matters for scrap moves and margins.

The dollar is softer, with **DXY at 99.97** and **USD/CAD at 1.3947**. Yields are still firm, with the **10-year at 4.56%** and the **2-year at 4.15%**, while inflation expectations sit at **2.33%**. That mix says risk is not gone, but it is not exploding either.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,133/oz, down $107.98 (-2.55%) day-over-day. Previous close: $4,241/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold’s cooled off, but it’s not a panic moment.** Gold is around **$4,133/oz**, down about **2.5%** today and red in **4 of the last 5 sessions**, as higher real yields keep pressure on safe-haven metals. With Brent holding near **$92.81/bbl** and the dollar still firm, buyers are picky, so if you’re selling gold scrap, expect tighter bids and make sure your weights, karats, and photos are clean so you don’t give up any margin.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $64.12/oz, down $0.8035 (-1.24%) day-over-day. Previous close: $64.93/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 64.4:1.

**Silver’s cooled off again, but it’s still rich scrap.** Silver is around **$64/oz**, down about **80 cents** today and lower in **3 of the last 5 sessions**. With the **gold/silver ratio near 64:1** and energy costs still firm, you should keep moving clean silver scrap, but don’t expect the market to chase you on price right now.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,650/oz, down $66.00 (-3.85%) day-over-day. Previous close: $1,716/oz. MoM: -22.9%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,200/oz, down $11.00 (-0.91%) day-over-day. Previous close: $1,211/oz. MoM: -20.0%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -19.8%.
• Rhodium 5-day trend: ↓ 3 of last 5 sessions.

**PGM prices are soft for scrap sellers right now.** Platinum is down to **$1,650/oz**, palladium is at **$1,200/oz**, and rhodium is flat at **$8,000/oz**, with both platinum and palladium drifting lower over the last five sessions. Brent is still hot at **$92.81/bbl**, so energy stays in play, but it is not giving PGMs much lift.

Copper — Current Indicators

• COMEX/Spot Copper: $6.23/lb, down $0.1100 (-1.73%) day-over-day. Previous close: $6.34/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s off about eleven cents today, sitting near $6.23/lb after a red session.** Prices are still up in 3 of the last 5 days, and energy is hot with Brent near $92.81, so there’s still risk in the system. If you’ve got good copper, expect some pressure on spreads today, but don’t panic-sell just because of one down move.

Aluminum — Current Indicators

• LME Aluminum: $3,487/tonne ($1.58/lb), down $0.0176 (-1.10%) day-over-day. Previous close: $1.60/lb.
• 5-day trend: ↓ 5 of last 5 sessions.

**Aluminum’s soft, and it’s been leaking lower all week.** Aluminum is around **$1.58/lb**, down about **2 cents** today and red **5 days in a row**, so buyers know they have the upper hand. With energy costs still hot and Brent near **$92.81**, your melt buyers are watching freight and fuel, so move clean, sorted aluminum sooner rather than sitting on it hoping for a quick bounce.

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.