Smash Scrap Morning Metals Report – June 11, 2026

Prices as of June 11, 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 — $4,067/oz ▲
• Silver — $62.97/oz ▼
• PGMs — Rh ▸ $8,000 · Pt ▼ $1,649 · Pd ▲ $1,216
• Copper — $6.24/lb ▲
• Aluminum — $1.58/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3930

Smash Scrap Takeaways for Today

• Gold & Silver — With gold creeping up and silver slipping, tighten your assay and photos on higher‑grade jewelry and coins, and run a quick auction instead of taking your first yard offer.
• PGMs — Platinum is weaker but palladium is firm and rhodium is flat, so break out converters by code, photo the cats, and auction PGMs by metal mix instead of shipping mixed cores on a flat quote.
• Copper — Copper’s up about a nickel, so weigh and grade #1, #2, and insulated cleanly today and push a competitive auction while buyers are still bidding into this bounce.
• Aluminum — With aluminum edging higher, clean and separate cast, sheet, and extrusion, and move any old inventory that’s been sitting before this lift fades.
• Big Picture — Four of eight metals are green, two are red, and two are flat, so expect a choppy day and let buyers compete on each load instead of guessing the “right” price.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.39/bbl, down $2.65 (-2.79%) day-over-day.

US Dollar Index (DXY): 100.09, up 0.04 (+0.04%) day-over-day.

**Oil is finally taking a breather, but the macro risk dial is still turned up.**

Brent is back under $93, down almost 3%, which takes a bit of cost pressure off shred, trucking, and yard fuel. But zoom out: oil is still rich versus last month, and the U.S.–Iran headlines around the Strait keep a risk premium baked into the barrel.

Rates and the dollar are telling you “tight but not panic.” The 10‑year sits around 4.5% with real yields above 2%, and the Fed rate is still north of 3.5%, so money isn’t cheap. DXY is steady near 100 and USD/CAD is up around 1.39, which keeps pressure on CAD‑denominated yards and supports U.S. export pricing in dollar terms.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,067/oz, up +$4.40 (+0.11%) day-over-day. Previous close: $4,062/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold is still rich, but a bit tired.** Gold is at about **$4,067/oz**, up a hair today, but it has dropped in 4 of the last 5 sessions. With oil and the dollar both firm, you should expect quiet, choppy pricing, not a big spike, so price your gold scrap with tight spreads and move clean, well-documented lots.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $62.97/oz, down $0.2620 (-0.41%) day-over-day. Previous close: $63.23/oz.
• 5-day trend: ↓ 4 of last 5 sessions.
• Gold/Silver ratio: 64.6:1.

**Silver is drifting lower again, not crashing.** Silver is around $62.97/oz today, down about 26 cents and red in 4 of the last 5 sessions, while the gold/silver ratio sits near 64.6:1. For scrap sellers, this is a softer tape, but with oil easing a bit and fuel pressure down, you can afford to be pickier on what cats, silverware, and industrial silver loads you move this week.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,649/oz, down $8.00 (-0.48%) day-over-day. Previous close: $1,657/oz. MoM: -22.4%.
• Platinum 5-day trend: ↓ 5 of last 5 sessions.
• Palladium (Pd): $1,216/oz, up +$12.00 (+1.00%) day-over-day. Previous close: $1,204/oz. MoM: -17.4%.
• 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: ↓ 2 of last 5 sessions.

**PGM prices are choppy, so don’t fall asleep on your cat quotes.** Platinum is drifting lower and has been red five days straight, so buyers may push bids down on cats. Palladium is up today but still soft over the week, and rhodium is flat, so expect more “pickier” buyers than big price jumps.

Copper — Current Indicators

• COMEX/Spot Copper: $6.24/lb, up +$0.0465 (+0.75%) day-over-day. Previous close: $6.19/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still holding strong, and you’re getting paid for clean loads right now.** Board price is about **$6.24/lb**, up around **5 cents** and green in **3 of the last 5 sessions**, even with oil easing back to about **$92.39/bbl** and some macro heat coming off. With fuel pressure a bit lighter but copper still firm, it’s a good time to move clean #1 and #2 while buyers stay hungry for well-documented, graded cats and wire.

Aluminum — Current Indicators

• LME Aluminum: $3,494/tonne ($1.58/lb), up +$0.0083 (+0.53%) day-over-day. Previous close: $1.58/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Aluminum is up today, but the chart still looks tired.** Light bump to about **$1.58/lb**, up less than a penny, while 4 of the last 5 sessions were red. With Brent around **$92.39/bbl** and taking a breather, your fuel costs ease a bit, but demand isn’t screaming, so use this pop to move clean, in-demand aluminum and stay picky on low-grade or dirty loads.

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.