Smash Scrap Morning Metals Report – June 5, 2026

Prices as of June 05, 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 — $4,463/oz ▼
• Silver — $72.86/oz ▼
• PGMs — Rh ▼ $8,100 · Pt ▲ $1,894 · Pd ▲ $1,307
• Copper — $6.46/lb ▼
• Aluminum — $1.66/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3896

Smash Scrap Takeaways for Today

• Gold & Silver — Move packaged lots now if you’ve got them. Both are red today, so don’t sit on soft ounces hoping for a bounce.
• PGMs — Platinum and palladium are the only bright spots. Push your clean PGM material while buyers are still bidding with some strength; rhodium is still under pressure.
• Copper — Copper is down about 7 cents. Tighten your buying spreads and get mixed copper moving before the drop drags offers lower.
• Aluminum — Aluminum is basically flat. Don’t chase the market; keep steady flow and sell regular loads instead of holding for a bigger move.
• Big Picture — Only 2 of 8 metals are higher today, so the market is soft overall and sellers should focus on turnover, not inventory buildup.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $94.72/bbl, down $0.4800 (-0.50%) day-over-day.

US Dollar Index (DXY): 99.21, up 0.01 (+0.01%) day-over-day.

**Energy is still tight, and rates are still a headwind.**

Brent is holding near the mid‑90s, only about 50 cents lower, so diesel and freight stay pricey. That keeps pressure on yard operating costs and export moves, even with a small dip today.

The U.S. dollar is steady, with DXY flat and USD/CAD around 1.39, so no big FX help for cross‑border flows. Yields are pushing higher again (10Y near 4.5%, 2Y just over 4%), while inflation expectations edge down, which keeps “higher for longer” rate risk on the table and adds a cautious tone to risk assets.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,463/oz, down $16.11 (-0.36%) day-over-day. Previous close: $4,480/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still rich, but it’s cooling off a bit.** Gold is around **$4,463/oz**, down about **0.4%** today and lower in **3 of the last 5 sessions**, as higher rates and a firm dollar keep pressure on the market while energy stays tight and freight costs remain high. With prices still very strong by historic standards, this is a good time to keep pulling gold from jewelry, electronics, and cat cores, but don’t assume every dip bounces fast—quote tight, watch your spreads, and move material when the numbers work for you.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $72.86/oz, down $1.14 (-1.54%) day-over-day. Previous close: $73.99/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 61.3:1.

**Silver’s off today, but scrap sellers still have a window.** Silver is around **$72.86/oz**, down about **1.5%** and lower in **3 of the last 5 sessions**, so expect buyers to bid a bit tighter today. With gold still rich and the gold/silver ratio near **61:1**, clean silver loads, e‑scrap, and film with good photos and assays should still pull solid interest even in a soft tape.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,894/oz, up +$4.00 (+0.21%) day-over-day. Previous close: $1,890/oz. MoM: -8.2%.
• Platinum 5-day trend: ↑ 4 of last 5 sessions.
• Palladium (Pd): $1,307/oz, up +$9.00 (+0.69%) day-over-day. Previous close: $1,298/oz. MoM: -14.1%.
• Palladium 5-day trend: ↑ 4 of last 5 sessions.
• Rhodium (Rh): $8,100/oz, down $100.00 (-1.22%) day-over-day. Previous close: $8,200/oz. MoM: -18.6%.
• Rhodium 5-day trend: ↓ 5 of last 5 sessions.

**PGM pricing is a mixed bag, so you need to be picky with what you move.** Platinum and palladium are both grinding higher, up in 4 of the last 5 sessions, which helps cats and PGM‑heavy auto scrap. Rhodium is slipping again and has been red all week, so be careful overpaying for high‑rho material while diesel, freight, and other costs stay tight with Brent sitting near the mid‑$90s.

Copper — Current Indicators

• COMEX/Spot Copper: $6.46/lb, down $0.0680 (-1.04%) day-over-day. Previous close: $6.53/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still rich, even on a red day.** Copper’s around **$6.46/lb**, down about **7 cents** today, but it’s still near record money for scrap. The price has been up in **3 of the last 5 sessions**, so a dip like this is more of a pause than a crash, even with high diesel and freight costs keeping some pressure on your margins.

Aluminum — Current Indicators

• LME Aluminum: $3,670/tonne ($1.66/lb), up +$0.0009 (+0.05%) day-over-day. Previous close: $1.66/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is inching up, but not breaking out.** Aluminum is around **$1.66/lb**, up less than a cent today and higher in **3 of the last 5 sessions**. Energy is still tight and freight stays expensive with Brent near **$94.72/bbl**, so keep moving clean, sorted aluminum, but don’t expect today’s tiny bump to change your scale price by itself.

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.