Smash Scrap Morning Metals Report – June 26, 2026

Prices as of June 26, 2026 at 07:30 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 — $4,046/oz ▲
• Silver — $58.22/oz ▲
• PGMs — Rh ▼ $7,750 · Pt ▲ $1,616 · Pd ▲ $1,189
• Copper — $6.12/lb ▲
• Aluminum — $1.44/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4204

Smash Scrap Takeaways for Today

• Gold & Silver — Use this pop in prices to push tighter spreads on cats, karat, and silver-bearing e-scrap; don’t be shy countering lowball assays.
• PGMs — With platinum and palladium up and rhodium off, move mixed cats and clean PGM loads now, but don’t dump rhodium-heavy material unless the yard needs cash.
• Copper — At $6.12/lb and rising, shop your scale prices; don’t sit on #1 bare bright and chops if you’re long on inventory.
• Aluminum — With aluminum basically flat, only move heavy volumes if you’ve already filled trucks with higher-margin copper or mixed non-ferrous.
• Big Picture — 5 of 8 metals are higher today, so use the stronger tape to test higher offers and add more buyers to every load.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $73.28/bbl, down $1.70 (-2.27%) day-over-day.

US Dollar Index (DXY): 101.24, up 0.22 (+0.22%) day-over-day.

**Energy is softer, and that takes some heat out of the market.** Brent is down to **$73.28** a barrel, and that usually helps cut fuel and freight pressure for scrap yards. Lower oil does not fix slow demand, but it can ease one cost that bites hard on moves and processing.[1][2]

The **dollar is still firm**, with DXY at **101.24** and USD/CAD at **1.4204**. That keeps buyers careful on risk and can cap metals tied to global trade. The **10Y yield at 4.41%** and **2Y at 4.11%** still point to tight money, so credit stays expensive and buyers stay picky.[3]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,046/oz, up +$18.11 (+0.45%) day-over-day. Previous close: $4,028/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold is still climbing, and that keeps your cats, karat, and e-scrap in play.** Gold is at **$4,046/oz**, up about **0.45%** today and higher in **3 of the last 5 sessions**, so buyers will watch purity and margins but they’re not running for the exits yet. With energy costs easing off and the dollar firm, expect tight spreads and picky grading on gold-bearing scrap, but don’t ignore the pile — clean, well-documented material should still move.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.22/oz, up +$0.5175 (+0.90%) day-over-day. Previous close: $57.70/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 69.5:1.

**Silver’s giving you a bit more juice this week.** Silver is around **$58.22/oz**, up about **52 cents** today and higher in 3 of the last 5 sessions. With energy and freight costs easing a bit, this is a decent window to move clean silver-bearing scrap while buyers are still picky but paying attention.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,616/oz, up +$21.00 (+1.32%) day-over-day. Previous close: $1,595/oz. MoM: -16.2%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,189/oz, up +$25.00 (+2.15%) day-over-day. Previous close: $1,164/oz. MoM: -13.2%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $7,750/oz, down $100.00 (-1.27%) day-over-day. Previous close: $7,850/oz. MoM: -14.4%.
• Rhodium 5-day trend: ↓ 3 of last 5 sessions.

**PGM prices are mixed, but the tone is better for platinum and palladium.** Platinum is up to **$1,616/oz** and palladium is **$1,189/oz**, while rhodium slipped to **$7,750/oz**[1]. With Brent softer at **$73.28** and the dollar still firm, scrap sellers should expect a picky market, but better price discovery on clean, documented cats and high-grade PGM material[1][4].

Copper — Current Indicators

• COMEX/Spot Copper: $6.12/lb, up +$0.0575 (+0.95%) day-over-day. Previous close: $6.06/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is up again, and buyers are still showing up.** Copper is around **$6.12/lb**, about 6 cents higher, and it’s been up in 3 of the last 5 sessions. With energy prices softer and Brent at **$73.28**, your freight and cutting costs should ease a bit, so this is a decent spot to move clean copper if you’ve been sitting on inventory.

Aluminum — Current Indicators

• LME Aluminum: $3,172/tonne ($1.44/lb), down $0.0006 (-0.04%) day-over-day. Previous close: $1.44/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Aluminum is soft at $1.44/lb, down a hair and lower in 4 of the last 5 sessions.** With Brent at **$73.28** and energy easing, freight and cutting pressure is lighter, but buyers are still not rushing in.

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.