Smash Scrap Morning Metals Report – June 29, 2026

Prices as of June 29, 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 — $4,035/oz ▼
• Silver — $58.02/oz ▼
• PGMs — Rh ▸ $7,750 · Pt ▼ $1,579 · Pd ▲ $1,190
• Copper — $6.13/lb ▼
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4186

Smash Scrap Takeaways for Today

• Gold & Silver — Move clean, documented lots now. Both are down hard, so don’t wait for a bounce on mixed gold or silver scrap; get weight, karat, and photos ready and sell into today’s market.[4][8]
• PGMs — Treat platinum like a weak sale and palladium like the outlier. Platinum is off sharply, rhodium is flat, and palladium is the only one higher, so separate PGM-bearing material and shop it hard instead of lumping it with a broad precious lot.[1][3]
• Copper — Ship good copper quickly. It is basically flat, but the tape is soft, so locked-in spreads on insulated and #2 copper can fade if you sit on inventory.[3][10]
• Aluminum — Don’t carry mixed clip and cast unless you have to. Aluminum is down again, so sort it tight, strip contamination, and move cleaner loads before buyers cut bids further.[3]
• Big Picture — Only 1 of 8 metals higher today, with 1 higher, 4 lower, and 3 flat, so the market is leaning soft and sellers should favor fast turns over wishful holding.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $73.18/bbl, down $0.3900 (-0.53%) day-over-day.

US Dollar Index (DXY): 101.24, down 0.37 (-0.36%) day-over-day.

**Energy is easing off. Risk is still there, just quieter.**

Brent crude is sitting near **$73**, down a bit again. Lower fuel helps trucking and shred costs, but it also hints at softer global demand, so don’t assume buyers are flush.

The **U.S. dollar index is slipping**, but the **USD/CAD is still strong**, so U.S. yards keep a currency edge on export and cross‑border cats and non‑ferrous. Yields are drifting down and inflation expectations are steady, which takes some heat off rate‑hike fears, but consumer sentiment is weak. Net message: energy pressure is lighter, financial risk is calmer, but demand risk is the thing to watch.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,035/oz, down $41.74 (-1.02%) day-over-day. Previous close: $4,077/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is softer today, and scrap sellers should not chase the top.** Spot is at **$4,035/oz**, down **$41.74** on the day, and the trend is weaker with **3 of the last 5 sessions down**. With the dollar easing and energy cooling off, this reads like a market that is still finding its footing, not one that is ready to run hard.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.02/oz, down $1.17 (-1.98%) day-over-day. Previous close: $59.19/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 69.5:1.

**Silver’s slipping, so don’t get greedy holding cats and silver scrap waiting for a pop.** Silver is around **$58/oz**, down about **2% today** and lower in **3 of the last 5 sessions**, even with energy easing off and the dollar softening a bit. With this kind of choppy, drifting-down market, you sell clean, documented silver loads when you’ve got them, instead of trying to time the perfect top.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,579/oz, down $36.00 (-2.23%) day-over-day. Previous close: $1,615/oz. MoM: -17.6%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,190/oz, up +$2.00 (+0.17%) day-over-day. Previous close: $1,188/oz. MoM: -11.1%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $7,750/oz, flat day-over-day. Previous close: $7,750/oz. MoM: -11.9%.
• Rhodium 5-day trend: ↓ 3 of last 5 sessions.

**PGM prices are choppy right now, so you can’t treat platinum, palladium, and rhodium the same.** Platinum is sliding and has given back some recent gains, while palladium is trying to firm up and rhodium is stuck in a soft, flat range. With the dollar easing and energy off the boil at $73.18 Brent, this still feels like a cautious market for cat loads, so you want tight sorting, clear photos, and good packing lists before you test bigger disposals.

Copper — Current Indicators

• COMEX/Spot Copper: $6.13/lb, down $0.0025 (-0.04%) day-over-day. Previous close: $6.14/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Copper’s taking a small breather, not falling apart.** Copper is around **$6.13/lb**, down less than a cent, with 3 down days in the last week, so buyers may nibble but aren’t chasing. With the dollar easing and energy softer, this feels like a pause, not a crash, so you can still move clean copper if your yard needs the cash, and watch spreads if you’re holding.

Aluminum — Current Indicators

• LME Aluminum: $3,163/tonne ($1.43/lb), down $0.0164 (-1.13%) day-over-day. Previous close: $1.45/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is slipping, so buyers will stay picky.** Aluminum is around **$1.43/lb**, down about **2 cents** today and lower in **3 of the last 5 sessions**.[8][3] With the dollar easing and energy prices like Brent crude near **$73.18/bbl**, you should expect slow pressure, not a crash, and make sure your aluminum loads are clean and well-documented before you ship.[3][6]

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.