Smash Scrap Morning Metals Report – June 24, 2026

Prices as of June 24, 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.

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• Gold — $4,018/oz ▼
• Silver — $58.81/oz ▼
• PGMs — Rh ▼ $7,950 · Pt ▼ $1,585 · Pd ▼ $1,169
• Copper — $6.05/lb ▼
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4200

Smash Scrap Takeaways for Today

• Gold & Silver — With both dropping hard, tighten your buy prices and move clean, documented cats and e‑scrap through competitive auctions instead of holding for a bounce.
• PGMs — Platinum, palladium, and rhodium are all red; ship full, well-sorted catalyst loads now and use VIN/serial tracking and photos to let buyers price the PGMs off today’s weaker market, not last week’s.
• Copper — Copper is about 7 cents lower; don’t sit on #1 and #2 bare bright hoping for a pop—build honest weights in your inventory tool and auction full loads to force price discovery.
• Aluminum — Aluminum keeps leaking lower just like we flagged; avoid quick local bids on mixed clips and cast, and instead bundle cleaner grades, document packing lists, and let vetted buyers compete for the tonnage.
• Big Picture — 7 of 8 metals are lower and steel’s flat, so expect tighter bids and more buyer leverage—use auctions and better documentation to shift some of that leverage back your way.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $74.52/bbl, down $2.39 (-3.11%) day-over-day.

US Dollar Index (DXY): 101.68, up 0.83 (+0.82%) day-over-day.

**Risk is a little louder today.** Brent is down to **$74.52** and the dollar is firmer, with DXY at **101.68** and USD/CAD at **1.42**. That usually puts a lid on metal bids and keeps buyers picky.

The rate setup is not helping much either. The **10-year yield** is **4.51%** and the **2-year** is **4.24%**, while the Fed rate sits at **3.63%**. That mix says funding stays tight, and scrap buyers can stay cautious on ferrous and non-ferrous alike.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,018/oz, down $92.98 (-2.26%) day-over-day. Previous close: $4,111/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold just took a solid hit, so expect tighter payouts and fussier buyers today.** Gold is around **$4,018/oz**, down about **2.3%** and lower in **4 of the last 5 sessions**, with a stronger dollar and softer oil adding pressure. With risk off and bids backing up, don’t be shocked when buyers trim spreads on jewelry, dental, and e‑scrap instead of chasing your next lot.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.81/oz, down $2.71 (-4.40%) day-over-day. Previous close: $61.52/oz.
• 5-day trend: ↓ 4 of last 5 sessions.
• Gold/Silver ratio: 68.3:1.

**Silver took a hard hit, so expect buyers to stay tight on bids.** Silver is down to **$58.81/oz**, off about **4.4% today** and red in **4 of the last 5 sessions**. With the dollar firmer and Brent at **$74.52**, risk is a bit louder, so treat silver like a soft market and move clean, well-documented lots instead of holding out for hero numbers.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,585/oz, down $70.00 (-4.23%) day-over-day. Previous close: $1,655/oz. MoM: -17.4%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,169/oz, down $48.00 (-3.94%) day-over-day. Previous close: $1,217/oz. MoM: -12.4%.
• Palladium 5-day trend: ↓ 4 of last 5 sessions.
• Rhodium (Rh): $7,950/oz, down $50.00 (-0.62%) day-over-day. Previous close: $8,000/oz. MoM: -17.6%.
• Rhodium 5-day trend: ↓ 1 of last 5 sessions.

**PGM prices are bleeding lower again, so expect converter quotes to stay tight.** Platinum and palladium are both down around 4% today, with four red sessions out of the last five, and rhodium is slipping too, though more slowly. With Brent at $74.52 and the dollar firmer, buyers have the upper hand, so move cats you *need* to move, but don’t expect anyone to chase your numbers this week.

Copper — Current Indicators

• COMEX/Spot Copper: $6.05/lb, down $0.0740 (-1.21%) day-over-day. Previous close: $6.13/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Copper is softer today, and buyers know it.** At **$6.05/lb**, copper is down about **7 cents** and has slid in **3 of the last 5 sessions**. With the **dollar firmer** and risk a little louder, this is not the spot to wait around for a better local bid.

Aluminum — Current Indicators

• LME Aluminum: $3,162/tonne ($1.43/lb), down $0.0436 (-2.95%) day-over-day. Previous close: $1.48/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Aluminum is leaking lower again, so buyers have the upper hand today.** Aluminum is around **$1.43/lb**, down about **4 cents** and lower in **4 of the last 5 sessions**, with the stronger dollar and cheaper Brent at **$74.52** keeping pressure on scrap prices. With the trend still down, you’re better off forcing **competition through bids** instead of taking the first local offer.

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.