Smash Scrap Morning Metals Report – June 8, 2026

Prices as of June 08, 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 — $4,329/oz ▲
• Silver — $68.57/oz ▲
• PGMs — Rh ▼ $8,050 · Pt ▲ $1,776 · Pd ▼ $1,201
• Copper — $6.38/lb ▲
• Aluminum — $1.63/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3924

Smash Scrap Takeaways for Today

• Gold & Silver — Silver’s jump confirms last week’s “catch‑up” call, so move clean silver today and stay picky on gold lots.
• PGMs — With palladium and rhodium soft, hold rhodium‑heavy cats where you can and prioritize moving platinum‑weighted or mixed baskets with stronger Pt content.
• Copper — Copper’s up move lines up with our “sell the bounce” view, so ship #1 wire, tubing, and bus bar, and keep low‑grade or borderline copper for a better day.
• Aluminum — Aluminum is still basically flat like we flagged, so don’t rush dirty or mixed alu; focus quotes on clean extrusion and sheet only.
• Big Picture — 3 of 8 metals are higher and several are flat, so sell into today’s pockets of strength without dumping weaker grades just to move tons.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $94.47/bbl, up $1.60 (+1.72%) day-over-day.

US Dollar Index (DXY): 99.92, up 0.39 (+0.39%) day-over-day.

**Energy is hot again, and that keeps a floor under risk.**

Brent is back pushing **mid‑$90s**, up almost 2% on the day, with WTI also holding mid‑$90s. That keeps diesel and gas firm, so you should not expect a break in freight or torch costs yet. A stronger dollar (DXY just under 100, USD/CAD ~1.39) still leans against metals, even with bond yields ticking slightly lower.

Real 10‑year rates sit a bit above 2%, so cash still pays something and that caps how wild gold and silver can get. Auto production and industrial output are both grinding higher, which supports steel and copper demand, but consumer sentiment is weak, so the macro picture is still “slow grind,” not “boom.” For your yard, that means energy stays a headwind, but it also keeps enough risk appetite in the system to backstop metal prices on big dips.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,329/oz, up +$0.8500 (+0.02%) day-over-day. Previous close: $4,329/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold is sitting around **$4,329/oz**, basically flat, up less than a buck on the day. The dollar is firm and real yields are still a drag, but energy is hot again and Brent near **$94.47** keeps a floor under risk, so big funds are not dumping gold here. For you, that means steady scrap bids, not a breakout — good time to move normal flow, but most yards will still hold back any really high‑grade gold cats or jewelry until the next real push.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $68.57/oz, up +$0.7855 (+1.16%) day-over-day. Previous close: $67.79/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 63.1:1.

**Silver is climbing, and it’s starting to matter for your scale.** Silver is at about **$68.57/oz**, up just over 1% today and green in **3 of the last 5** sessions. With the **gold/silver ratio near 63:1** and energy staying firm in the **mid‑$90s**, competition for good silver-bearing scrap should stay honest, so tighten your assays and know what’s in your cats, contacts, and x‑ray loads before you sell.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,776/oz, up +$1.00 (+0.06%) day-over-day. Previous close: $1,775/oz. MoM: -13.7%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,201/oz, down $6.00 (-0.50%) day-over-day. Previous close: $1,207/oz. MoM: -18.7%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,050/oz, down $50.00 (-0.62%) day-over-day. Previous close: $8,100/oz. MoM: -19.1%.
• Rhodium 5-day trend: ↓ 5 of last 5 sessions.

**PGM cats are a mixed bag today.** Platinum is holding firm and inching higher, which helps support converter bids that are heavy on platinum. Palladium is soft and rhodium’s been sliding all week, so buyers may stay picky on high‑palladium and rhodium‑rich loads. With energy and risk still strong in the background, expect selective strength, not a broad rush to pay up on every can.

Copper — Current Indicators

• COMEX/Spot Copper: $6.38/lb, up +$0.1095 (+1.74%) day-over-day. Previous close: $6.28/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still rich, and it’s creeping higher again.** Copper is around **$6.38/lb**, up about **11 cents** today and higher in **3 of the last 5 sessions**. Energy is hot and Brent near **$94.47** helps keep a floor under risk, so clean copper moves fast, but you don’t need to panic‑dump borderline or dirty material.

Aluminum — Current Indicators

• LME Aluminum: $3,600/tonne ($1.63/lb), up +$0.0008 (+0.05%) day-over-day. Previous close: $1.63/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is stuck in neutral, not ripping, not crashing.** LME is about **$1.63/lb**, up less than a cent, but it has slipped in **3 of the last 5 sessions**. With **Brent near $94.47/bbl** and energy running hot, smelter costs stay high, which helps keep a floor under aluminum but doesn’t give you a clear green light to dump dirty or mixed loads at today’s numbers.

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.