Smash Scrap Morning Metals Report – June 16, 2026
Prices as of June 16, 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 — $4,343/oz ▲
- Silver — $70.60/oz ▲
- PGMs — Rh ▸ $8,000 · Pt ▲ $1,804 · Pd ▲ $1,342
- Copper — $6.49/lb ▲
- Aluminum — $1.53/lb ▲
- Steel Scrap — $413.00/mt ▸
- Macro Backdrop
- CAD — USD/CAD 1.3982
Smash Scrap Takeaways for Today
- Gold & Silver — Use this pop to move clean jewelry, bars, and coins you’ve been sitting on; don’t wait for “perfect” highs.
- PGMs — With platinum and palladium up and rhodium steady, tighten your cat grading, photo every load, and push full-cat auctions while buyers are hungry.
- Copper — At $6.49 with a small lift, bundle #1, #2, and insulated into full, clean loads and test the market with competitive bids rather than holding for another cent.
- Aluminum — Price is still weak after that recent drop, so keep turning old sheet and cast instead of stockpiling and use inventory tools to separate high-grade from low.
- Big Picture — 6 of 8 metals are up today, so use auctions and multiple buyers to let this stronger tape work for your next loads.
Macro Backdrop — Energy and Risk
Brent Crude Oil: $80.07/bbl, down $3.56 (-4.26%) day-over-day.
US Dollar Index (DXY): 99.68, down 0.18 (-0.18%) day-over-day.
**Oil just dropped, but rates are still creeping up. That’s a weird mix for risk.**
Brent is back near **$80** after a sharp **4% slide**, taking some heat out of fuel and freight for now. The **U.S. dollar index is soft** and USD/CAD is pushing toward **1.40**, so Canadian yards still feel the FX squeeze on U.S.-linked sales.
On the risk side, **2‑year and 10‑year yields are ticking higher**, while inflation expectations stay a bit above **2%**. That keeps real yields positive and supports the recent **pressure on gold and silver**, even with all the central‑bank buying talk. For scrap, this backdrop says: energy relief today, but no clear “all clear” on macro risk yet.
Gold — Safe-Haven Indicator
- Spot Gold (XAU): $4,343/oz, up +$32.79 (+0.76%) day-over-day. Previous close: $4,310/oz.
- 5-day trend: ↑ 3 of last 5 sessions.
**Gold’s still climbing, and the dollar easing is giving it a little extra push.** Gold is around **$4,343/oz**, up about **0.8% today** and higher in **3 of the last 5 sessions**, even with oil soft and rates edging up. With prices firm and buyers hungry for clean material, it’s a good time to tighten up your gold pulls, photo your cats and boards, and know your weights before you sell.
Silver — Industrial & Precious Hybrid
- Spot Silver (XAG): $70.60/oz, up +$0.7100 (+1.02%) day-over-day. Previous close: $69.89/oz.
- 5-day trend: ↑ 4 of last 5 sessions.
- Gold/Silver ratio: 61.5:1.
**Silver is still firm, and that keeps scrap value in play.** Spot is **$70.60/oz**, up **71 cents** today, with **4 of the last 5 sessions** higher. The **gold/silver ratio at 61.5:1** says silver is still lagging gold a bit, but the trend is pointing up.
Precious Metals (PGM) — Screen Indicators
- Platinum (Pt): $1,804/oz, up +$41.00 (+2.33%) day-over-day. Previous close: $1,763/oz. MoM: -8.8%.
- Platinum 5-day trend: ↑ 3 of last 5 sessions.
- Palladium (Pd): $1,342/oz, up +$20.00 (+1.51%) day-over-day. Previous close: $1,322/oz. MoM: -3.7%.
- Palladium 5-day trend: ↑ 3 of last 5 sessions.
- Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -19.4%.
- Rhodium 5-day trend: → flat over last 5 sessions.
**PGM prices are giving you a bit of a tailwind today.** Platinum and palladium are both up again, with three green sessions in the last five days, so cat loads pencil a little better right now. Rhodium is flat at a high level, and with oil around $80 and the dollar easing a bit, this is a decent window to move decent PGM core and cat inventory instead of sitting on it and guessing.
Copper — Current Indicators
- COMEX/Spot Copper: $6.49/lb, up +$0.0100 (+0.15%) day-over-day. Previous close: $6.48/lb.
- 5-day trend: ↑ 4 of last 5 sessions.
**Copper’s still hot, and your scrap is worth real money.** Copper is around **$6.49/lb**, ticking up about a cent and up in **4 of the last 5 sessions**. With oil easing and the dollar a bit softer, the move looks steady, not wild, so you should keep shopping your loads and use competition to see how strong the bids really are.
Aluminum — Current Indicators
- LME Aluminum: $3,383/tonne ($1.53/lb), up +$0.0034 (+0.22%) day-over-day. Previous close: $1.53/lb.
- 5-day trend: ↑ 3 of last 5 sessions.
**Aluminum is trying to climb, but it’s not racing anywhere.** Aluminum is around **$1.53/lb**, just a touch higher today and up in 3 of the last 5 sessions. With oil easing and rates still creeping up, don’t expect a big surge — use this slow grind up to keep moving clean, well-sorted aluminum while buyers stay cautious.
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.
