Smash Scrap Morning Metals Report – June 19, 2026

Prices as of June 19, 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 — $4,150/oz ▼
• Silver — $64.66/oz ▼
• PGMs — Rh ▸ $8,000 · Pt ▼ $1,668 · Pd ▼ $1,241
• Copper — $6.35/lb ▼
• Aluminum — $1.54/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4131

Smash Scrap Takeaways for Today

• Gold & Silver — Use this dip to move clean jewelry, coins, and bars you’ve been sitting on; don’t hold hoping for yesterday’s highs in a weak rate/yield backdrop.
• PGMs — Platinum and palladium keep leaking lower, rhodium flat: push complete, well-documented cats now rather than gambling on a near-term rebound.
• Copper — With copper only a few cents off and still near recent strength, keep shipping near-ready chops, #1, and brass instead of letting piles grow.
• Aluminum — Aluminum is the only thing green today; if you’ve got clean segregated alu that you held back earlier this week, start moving some loads into this strength.
• Big Picture — 1 of 8 metals higher, 5 lower, 2 flat: this is a sell-into-rallies, manage risk, and keep turns tight kind of tape, not a “get greedy” market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $80.01/bbl, up $0.7500 (+0.95%) day-over-day.

US Dollar Index (DXY): 100.76, up 1.13 (+1.13%) day-over-day.

**Energy is firm, and money is getting more expensive again. That’s your risk backdrop.**

Brent is holding around **$80**, up about **1%** on the day after a sharp drop earlier this month. Higher oil props up shred and freight costs, even if it’s still well below mid-month levels.

The **U.S. dollar is flexing**. DXY is up over **1%**, and **USD/CAD at 1.41** makes U.S. tags tougher for Canadian buyers. The **2‑year and 10‑year yields are both pushing higher**, while inflation expectations edge down. That’s a classic “higher-for-longer” rate setup, which keeps pressure on risk assets and supports **strong real yields**, a headwind for gold and silver.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,150/oz, down $52.50 (-1.25%) day-over-day. Previous close: $4,203/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still high, but it’s taking a breather.** Gold sits around **$4,150/oz**, down about **1.25% today** and lower in **3 of the last 5 sessions** as a stronger dollar and steady energy make money feel tighter and push some cash out of safe-haven trades like gold.[6] For you, that means scrap gold loads still pencil strong, but buyers may bid a little tougher, so know your weights, karats, and spot before you quote.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $64.66/oz, down $0.9325 (-1.42%) day-over-day. Previous close: $65.60/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 64.2:1.

**Silver is slipping, so don’t get greedy on your ask.** Silver is around **$64.66/oz**, down about **$0.93** today and lower in **3 of the last 5 sessions**. With the dollar stronger and money getting more expensive again, buyers have the leverage, so price your silver scrap to move, not to dream.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,668/oz, down $22.00 (-1.30%) day-over-day. Previous close: $1,690/oz. MoM: -14.2%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,241/oz, down $19.00 (-1.51%) day-over-day. Previous close: $1,260/oz. MoM: -8.3%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -17.5%.
• Rhodium 5-day trend: → flat over last 5 sessions.

**PGM prices are soft again, so don’t rush to dump your best cats.** Platinum and palladium are both down about 1–1.5% today and have slipped in 3 of the last 5 sessions, while rhodium is holding flat around $8,000/oz. With energy firm and the dollar stronger, money is getting tighter, so treat this as a cautious selling window: move routine converter flow, but think twice before unloading big palladium- or rhodium-heavy loads at a discount.

Copper — Current Indicators

• COMEX/Spot Copper: $6.35/lb, down $0.0275 (-0.43%) day-over-day. Previous close: $6.38/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is off about 3 cents today, but the bigger trend still has buyers watching it close.** It’s at **$6.35/lb**, and the last **5 sessions were green 3 times**, so this looks more like a pullback than a full break.

Aluminum — Current Indicators

• LME Aluminum: $3,404/tonne ($1.54/lb), up +$0.0021 (+0.14%) day-over-day. Previous close: $1.54/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is inching up, not ripping.** Aluminum is around **$1.54/lb**, up less than a cent, and it has moved higher in **3 of the last 5** sessions. With energy firm and the dollar stronger, this slow grind up is a decent window to move clean aluminum if you’ve been sitting on it.

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.