Smash Scrap Morning Metals Report – June 25, 2026

Prices as of June 25, 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 — $3,984/oz ▼
• Silver — $57.85/oz ▲
• PGMs — Rh ▼ $7,850 · Pt ▼ $1,584 · Pd ▲ $1,173
• Copper — $6.03/lb ▲
• Aluminum — $1.43/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4234

Smash Scrap Takeaways for Today

• Gold & Silver — Gold is slipping again, so don’t chase; move clean gold and silver lots with tight weights and photos to push buyers to compete instead of nibbling your payout.
• PGMs — With palladium up and rhodium down, break out cats by grade and code on SMASH and auction them, don’t dump mixed buckets to one local buyer.
• Copper — Copper’s up a few cents; this is a good day to move #1 bare bright and #1 tube/solid, but hold back borderline material unless buyers pay up.
• Aluminum — With aluminum ticking higher, clean up your zorba, extrusion, and sheet grades and list the better stuff now while you’ve got some tailwind.
• Big Picture — Mixed board today (4 up, 3 down, 1 flat), so use auctions and documented inventory to let buyers set the real market instead of guessing off one phone quote.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $73.42/bbl, up $0.3000 (+0.41%) day-over-day.

US Dollar Index (DXY): 101.70, up 0.68 (+0.67%) day-over-day.

**Energy is cheap, but the dollar isn’t. That’s your backdrop.**

Brent is hanging around **$73/bbl**, up a hair today but still well below last week’s mid‑70s and prior 80s. Softer oil cuts fuel and shred costs, but it also tells you demand and growth aren’t roaring.

The **U.S. dollar is strong**. DXY is up near **102**, and USD/CAD is parked in the **1.42** range. Higher real yields around **2.3%** are pressuring gold and silver, pushing money toward cash and bonds instead of metals risk. Strong dollar, soft energy, and lower inflation expectations mean buyers stay picky and spreads stay wide on riskier cats, cores, and mixed non‑ferrous.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $3,984/oz, down $16.27 (-0.41%) day-over-day. Previous close: $4,000/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold keeps slipping, and buyers feel no rush to chase your cats and karat.** Gold is around **$3,984/oz**, down about **0.4% today** and red in **4 of the last 5 sessions**. With **cheap energy but a strong dollar**, expect tighter payouts and fussier buyers on gold jewelry, dental, and e-scrap.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $57.85/oz, up +$0.2225 (+0.39%) day-over-day. Previous close: $57.63/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 68.9:1.

**Silver’s up today, but the tone is still cautious.** Silver is sitting around **$57.85/oz**, up about **22 cents** on the day, even though it has fallen in **3 of the last 5 sessions** and the **gold/silver ratio near 69:1** says silver is still cheaper than gold on a relative basis. With **energy still cheap but the dollar firm**, expect buyers to stay picky on silver-bearing scrap and e-scrap, so tight sorting, clear photos, and clean, well-documented lots will help your cats and contacts stand out when you go to sell.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,584/oz, down $5.00 (-0.31%) day-over-day. Previous close: $1,589/oz. MoM: -18.9%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,173/oz, up +$14.00 (+1.21%) day-over-day. Previous close: $1,159/oz. MoM: -14.3%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $7,850/oz, down $100.00 (-1.26%) day-over-day. Previous close: $7,950/oz. MoM: -15.6%.
• Rhodium 5-day trend: ↓ 2 of last 5 sessions.

**PGM prices are still choppy, and converter money isn’t what it was.** Platinum and rhodium are both slipping, while palladium is only getting a small bounce, so overall cat values stay under pressure. With energy cheap and the dollar strong, expect buyers to stay cautious on mixed converters and pay up mainly for clean, well-documented loads.

Copper — Current Indicators

• COMEX/Spot Copper: $6.03/lb, up +$0.0395 (+0.66%) day-over-day. Previous close: $5.99/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Copper’s up today, but it’s still a choppy market.** Copper is around **$6.03/lb**, up about 4 cents on the day, but it’s been down in 3 of the last 5 sessions. With energy still cheap and the dollar strong, expect yards and buyers to stay picky on clean copper and insulated wire, so price‑check your loads before you ship.

Aluminum — Current Indicators

• LME Aluminum: $3,154/tonne ($1.43/lb), up +$0.0159 (+1.12%) day-over-day. Previous close: $1.41/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is up today, but the tape still looks tired.** Aluminum is around **$1.43/lb**, about 2 cents higher, with a small 1%+ bump even though it’s been down in 3 of the last 5 sessions. With energy still cheap (Brent near **$73/bbl**) but the dollar firm, expect buyers to stay picky on clean, well-sorted aluminum and less hungry on the borderline stuff.

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.