Smash Scrap Morning Metals Report – June 23, 2026
Prices as of June 23, 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 lower today.
Jump to:
- Gold — $4,115/oz ▼
- Silver — $61.84/oz ▼
- PGMs — Rh ▸ $8,000 · Pt ▼ $1,634 · Pd ▼ $1,214
- Copper — $6.16/lb ▼
- Aluminum — $1.48/lb ▼
- Steel Scrap — $413.00/mt ▸
- Macro Backdrop
- CAD — USD/CAD 1.4162
Smash Scrap Takeaways for Today
- Gold & Silver — Use today’s dip to move mixed jewelry, sterling, and low-grade e‑scrap, but keep clean, high-karat lots tight and well-documented for when bids firm up.
- PGMs — With platinum, palladium down and rhodium flat, push complete, documented cats now and avoid sitting on half-stripped or mystery cores that buyers will punish.
- Copper — After a 3% slide, ship near‑ready insulated and #2 copper while spreads are still reasonable, and use the SMASH inventory tool to tighten grading so you don’t get treated like shred.
- Aluminum — Market’s leaking lower again; bale, sort, and photo-document clean segregated loads and run a SMASH auction instead of taking the first yard offer.
- Big Picture — 0 of 8 metals higher, 6 lower, 2 flat: this is a buyer’s tape, so make every load compete before you let it leave the yard.
Macro Backdrop — Energy and Risk
Brent Crude Oil: $77.43/bbl, down $0.9000 (-1.15%) day-over-day.
US Dollar Index (DXY): 101.31, up 1.22 (+1.22%) day-over-day.
**Energy is easing, but the dollar is flexing. That’s your risk mix this morning.**
Brent crude sits near **$77** and is down about **90 cents** on the day. That keeps fuel costs off the highs, which helps yards on diesel and torch gas but can cool sentiment in broader commodities.
The **U.S. dollar is stronger**. DXY is up over 1%, and USD/CAD is around **1.416**, making U.S. scrap cheaper to foreign buyers but imports into the U.S. richer. Yields are steady to slightly lower, and inflation expectations are drifting down. That combo points to a market still watching the Fed and rates, which can keep risk appetite in metals choppy.
Gold — Safe-Haven Indicator
- Spot Gold (XAU): $4,115/oz, down $70.89 (-1.69%) day-over-day. Previous close: $4,186/oz.
- 5-day trend: ↓ 4 of last 5 sessions.
**Gold’s cooled off again, and the strong dollar is doing the pushing.** Spot is around **$4,115/oz**, down about **1.7% today** and weaker 4 of the last 5 sessions as the dollar climbs and energy stays calm. With this kind of pullback, expect tighter bids on dental, e‑scrap, and jewelry, so check live prices and don’t be shy about shopping your gold lots before you cut a deal.
Silver — Industrial & Precious Hybrid
- Spot Silver (XAG): $61.84/oz, down $3.10 (-4.77%) day-over-day. Previous close: $64.94/oz.
- 5-day trend: ↓ 4 of last 5 sessions.
- Gold/Silver ratio: 66.5:1.
**Silver’s giving back ground. Don’t pretend it’s still at the highs.** Silver is at **$61.84/oz**, down **4.77%** today and down in **4 of the last 5 sessions**, as the stronger U.S. dollar leans on precious metals instead of panic headlines or energy spikes.[1][8] With the **gold/silver ratio at 66.5:1**, buyers will be pickier, so clean, well-documented silver scrap and e‑scrap will move better than mixed, dirty lots.
Precious Metals (PGM) — Screen Indicators
- Platinum (Pt): $1,634/oz, down $39.00 (-2.33%) day-over-day. Previous close: $1,673/oz. MoM: -14.9%.
- Platinum 5-day trend: ↓ 4 of last 5 sessions.
- Palladium (Pd): $1,214/oz, down $36.00 (-2.88%) day-over-day. Previous close: $1,250/oz. MoM: -9.0%.
- Palladium 5-day trend: ↓ 4 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.
**PGMs are soft, and the strong dollar isn’t helping your converter checks.** Platinum and palladium are both sliding again, with four down days in the last week, while rhodium is just sitting flat. With energy easing and the dollar flexing, buyers have the upper hand, so you should expect tighter bids and shop more quotes before you move big PGM loads.
Copper — Current Indicators
- COMEX/Spot Copper: $6.16/lb, down $0.1930 (-3.04%) day-over-day. Previous close: $6.35/lb.
- 5-day trend: ↓ 3 of last 5 sessions.
**Copper’s taking a breather, not a crash.** COMEX copper is around **$6.16/lb**, down about **19 cents** today and lower in **3 of the last 5 sessions**. With energy costs easing and the US dollar stronger, buyers are getting a bit tighter, so expect more picky quotes on No. 1, No. 2, and insulated wire for now.
Aluminum — Current Indicators
- LME Aluminum: $3,268/tonne ($1.48/lb), down $0.0429 (-2.81%) day-over-day. Previous close: $1.53/lb.
- 5-day trend: ↓ 3 of last 5 sessions.
**Aluminum is under pressure again, with prices at $1.48/lb, down about 4 cents and 2.81% on the day.** The dollar is stronger and energy is easing, so buyers have less reason to bid up scrap right now. The 5-day trend is still soft, with aluminum down in 3 of the last 5 sessions.
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.
