Smash Scrap Morning Metals Report – June 22, 2026

Prices as of June 22, 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 — $4,204/oz ▲
• Silver — $66.41/oz ▲
• PGMs — Rh ▸ $8,000 · Pt ▲ $1,676 · Pd ▲ $1,252
• Copper — $6.37/lb ▲
• Aluminum — $1.54/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4171

Smash Scrap Takeaways for Today

• Gold & Silver — With both up over 1%, lean into moving clean jewelry, coins, and higher‑grade e‑scrap while spreads are friendly, but don’t hold waiting for another big leg after last week’s choppy tape.
• PGMs — Cats are richer today with platinum and palladium both higher, so tighten your grading, document serials/VINs, and push full, well‑sorted PGM loads into the market while buyers are bidding up.
• Copper — Copper crept up again, so use this strength to ship #1, #2, and insulated now instead of gambling on a breakout that has failed to show for weeks.
• Aluminum — Price is barely higher and still acting like a steady cash-flow metal, so keep moving zorba, sheet, and extrusion on your normal cycle and resist the urge to stockpile for a big pop that hasn’t materialized.
• Big Picture — Six of eight metals are higher and two are flat, so use the green tape to clear booked inventory into strength while keeping some dry powder if this “grind up” stalls.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $78.54/bbl, down $2.05 (-2.54%) day-over-day.

US Dollar Index (DXY): 100.85, up 1.31 (+1.32%) day-over-day.

**Energy’s taking a breather, but the dollar is doing the heavy lifting on risk.**

Brent is back under $80 at **$78.54**, off about **2.5%** on the day. That takes some pressure off diesel and yard operating costs, but it also hints at softer growth and demand. For now, oil is drifting, not spiking.

On the risk side, the **U.S. dollar is flexing**. DXY is up over 1% and **USD/CAD at 1.417** makes U.S.-dollar scrap look pricey to Canadians and offshore buyers. Yields are grinding higher, with the **2Y at 4.20%** and **10Y at 4.49%**, keeping financing costs and risk premiums elevated. Net effect: energy is a mild tailwind, but a strong dollar and higher yields still argue for **grinding, choppy trade**, not big risk-on moves.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,204/oz, up +$43.31 (+1.04%) day-over-day. Previous close: $4,161/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold’s still rich, but it’s acting choppy, not crazy.** Spot gold is up about **1% today to $4,204/oz**, even with the **strong U.S. dollar doing the heavy lifting on risk.** Brent is back under $80 at **$78.54**, so energy isn’t the driver here — this is more about safe-haven money and position squaring than a new breakout.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $66.41/oz, up +$1.54 (+2.38%) day-over-day. Previous close: $64.87/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 63.3:1.

**Silver’s up today, but it’s still a choppy ride.** Silver is around **$66.41/oz**, up about **2.4%** on the day, but it’s fallen in **3 of the last 5 sessions**, and the strong U.S. dollar is still a headwind for big upside moves. With the **gold/silver ratio near 63:1**, expect buyers to stay picky on premiums, so keep grading tight and use photos and clean packing to help your silver cats, contacts, and jewelry scrap stand out when you go to market.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,676/oz, up +$12.00 (+0.72%) day-over-day. Previous close: $1,664/oz. MoM: -12.7%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,252/oz, up +$12.00 (+0.97%) day-over-day. Previous close: $1,240/oz. MoM: -6.2%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -17.1%.
• Rhodium 5-day trend: → flat over last 5 sessions.

**PGM prices are firming a bit, but this is still a grind, not a rocket ship.** Platinum and palladium are both up today, but they’ve slipped in 3 of the last 5 sessions, so don’t expect a straight-line rally. Rhodium is stuck around $8,000/oz and hasn’t moved, which keeps pressure on weaker cats and low-yield material. With the dollar strong and Brent under $80 at $78.54, this is a good time to stay disciplined on grading, document your cats, and use auctions to let buyers tell you what the basket is really worth.

Copper — Current Indicators

• COMEX/Spot Copper: $6.37/lb, up +$0.0375 (+0.59%) day-over-day. Previous close: $6.34/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still rich, but it’s not running away from you.** Copper is around **$6.37/lb**, up about **4 cents** today, with gains in **3 of the last 5** sessions. The trend is up, but with the strong dollar and softer energy, this feels more like a slow grind than a big breakout, so you can sell into strength without fearing you’re missing some huge spike.

Aluminum — Current Indicators

• LME Aluminum: $3,405/tonne ($1.54/lb), up +$0.0020 (+0.13%) day-over-day. Previous close: $1.54/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Aluminum’s holding steady at **$1.54/lb**, up a hair today and green in 4 of the last 5 sessions. With Brent under $80 and the dollar doing the heavy lifting, this still looks like a slow, grind‑higher market, not a moonshot, so you can treat aluminum as steady cash flow and plan loads around your yard’s flow, not big price swings.

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.