Smash Scrap Morning Metals Report – June 12, 2026

Prices as of June 12, 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 — $4,201/oz ▼
• Silver — $66.54/oz ▼
• PGMs — Rh ▸ $8,000 · Pt ▼ $1,701 · Pd ▲ $1,283
• Copper — $6.38/lb ▼
• Aluminum — $1.60/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3993

Smash Scrap Takeaways for Today

• Gold & Silver — Both are drifting lower; don’t rush to dump clean jewelry or bars unless you need cash today.
• PGMs — With palladium up and rhodium flat, tighten your cat grading and pull high-Pd/rhod units and loose PGM cores into a separate, well-documented load.
• Copper — Spot is basically flat; keep moving your regular No.1/No.2 and insulated wire, but don’t hold back clean copper waiting for a big pop that isn’t here.
• Aluminum — The small bump held like we flagged, so push out clean segregated alu (rims, siding, extrusion) while buyers are still paying up.
• Big Picture — Only 2 of 8 metals are higher today, so stay picky on what you hold back and use auctions to force buyers to show real numbers.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $87.86/bbl, down $0.7400 (-0.84%) day-over-day.

US Dollar Index (DXY): 99.81, down 0.23 (-0.23%) day-over-day.

**Oil is soft this morning, but the risk tape is not.**

Brent is sitting just under **$88**, down about **1%**, even with fresh U.S.–Iran tension in the headlines. That tells you traders are watching the headlines, but not chasing panic yet. Dollar index is under **100** and the Fed rate is steady, so money is not racing for the exits, but it’s not loose either.

Yields are still high: the **10‑year near 4.6%** with real yields above **2%** keeps a lid on wild risk‑on moves. Inflation expectations are edging lower, but CPI is still hot, so rate‑cut hopes stay slow. For scrap, that mix means energy isn’t crushing margins today, but funding costs and macro risk are still leaning heavy on autos, construction, and metals demand.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,201/oz, down $30.00 (-0.71%) day-over-day. Previous close: $4,231/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold is taking a breather, not crashing.** Gold is around **$4,201/oz**, down about **0.7% today** and lower in **4 of the last 5 sessions**, as higher real rates keep some pressure on prices even with the U.S. dollar easing and oil still soft around **$88 Brent**. For you, that means edgey but not panic: keep moving normal scrap flows, but don’t fire-sale good gold lots just because of this pullback.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $66.54/oz, down $1.30 (-1.92%) day-over-day. Previous close: $67.84/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 63.1:1.

**Silver’s giving back some steam this week.** Silver is around **$66.54/oz**, down almost 2% today and lower in **3 of the last 5 sessions**, so don’t chase every load. With the **gold/silver ratio near 63:1** and oil still soft around **$88 Brent**, expect buyers to stay picky on bids and reward clean, well-documented silver scrap.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,701/oz, down $26.00 (-1.51%) day-over-day. Previous close: $1,727/oz. MoM: -20.6%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,283/oz, up +$14.00 (+1.10%) day-over-day. Previous close: $1,269/oz. MoM: -13.7%.
• 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: ↓ 1 of last 5 sessions.

**PGM prices are mixed, so you need to be picky about what you move.** Platinum is slipping, with prices down again in 4 of the last 5 sessions, so don’t chase weak cats too hard. Palladium has a bit of life, rhodium is flat, and with oil soft and risk still “on,” this doesn’t feel like a panic — more like a market where you sell the strong pieces and sit tight on the rest.

Copper — Current Indicators

• COMEX/Spot Copper: $6.38/lb, down $0.0090 (-0.14%) day-over-day. Previous close: $6.39/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still pricey, even if today’s quote is a hair lower.** Copper is sitting around **$6.38/lb**, down less than a penny on the day, but it has pushed higher in **3 of the last 5 sessions**, so the trend is still firm. With Brent crude near **$87.86/bbl** and energy costs not spiking, you can keep moving copper, but stay picky on grades and don’t rush to blow out clean #1 unless you need the cash.

Aluminum — Current Indicators

• LME Aluminum: $3,525/tonne ($1.60/lb), up +$0.0030 (+0.19%) day-over-day. Previous close: $1.60/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is holding around $1.60/lb, but the tape is choppy.** Price is up a hair today, but aluminum has slipped in 3 of the last 5 sessions, so don’t chase every small bump. With oil soft around $87–88/bbl and no big macro push, use this level to move clean, sorted aluminum, not to gamble on a breakout.

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.