Smash Scrap Morning Metals Report – June 9, 2026

Prices as of June 09, 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 — $4,333/oz ▲
• Silver — $68.39/oz ▲
• PGMs — Rh ▸ $8,000 · Pt ▲ $1,770 · Pd ▲ $1,243
• Copper — $6.43/lb ▲
• Aluminum — $1.62/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3947

Smash Scrap Takeaways for Today

• Gold & Silver — With both prices inching up, move clean assay-ready lots now, but keep lower-grade sweeps and e‑scrap parked for the next leg higher.
• PGMs — Palladium’s pop and platinum strength say don’t rush; batch converters and PGM-bearing scrap into full, well-documented loads and run competitive bids before you let anything go.
• Copper — At $6.43 and up another 10 cents, this is a sell-the-good-stuff day: push bare bright, #1, and chops through auction while keeping any marginal, downgrade-risk material on the floor.
• Aluminum — Price is slipping and we already flagged no big upside: only move clean, easy-to-ship aluminum loads and sit on mixed/dirty until you can upgrade or backhaul cheap.
• Big Picture — 5 of 8 metals are higher with steel and rhodium flat, so lean into auctions on strong categories and avoid fire-sales on anything weak or borderline.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.64/bbl, down $1.69 (-1.79%) day-over-day.

US Dollar Index (DXY): 99.72, up 0.31 (+0.31%) day-over-day.

**Energy prices are easing today, but you’re still running in a high-cost world.**

Brent is around **$92.64**, down almost 2% on the day, so you might see a bit of short-term relief on diesel and freight, but this is still expensive fuel, not cheap energy. The U.S. dollar is firm again (DXY near **99.7**, USD/CAD about **1.39**), which tends to cap export pricing and makes U.S.-priced metals feel heavier for foreign buyers.

On the risk side, yields are pushing up again (10Y near **4.55%**, 2Y around **4.17%**), while consumer sentiment is weak and inflation is still grinding higher. That mix means money stays tight, banks stay picky, and carrying big, slow-moving metal positions gets riskier. Plan as if credit stays expensive and energy stays high, even if today’s tape looks softer.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,333/oz, up +$4.95 (+0.11%) day-over-day. Previous close: $4,328/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still firm, but the move is not clean.** Spot gold sits at **$4,333/oz**, up a touch on the day, yet it has slipped in **3 of the last 5 sessions**. With the dollar firmer and fuel still expensive, scrap gold buyers may stay picky, so clean, well-documented lots can draw better interest.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $68.39/oz, up +$0.2430 (+0.36%) day-over-day. Previous close: $68.14/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 63.4:1.

**Silver’s holding a firm bid, not blasting off, so treat this as a steady market, not a moonshot.** Silver is around **$68.39/oz**, up about **24 cents** today, and it’s risen in **3 of the last 5 sessions**, with the gold/silver ratio near **63:1**, so value buyers still like silver versus gold. With fuel still pricey even as Brent eases to about **$92.64**, this is a decent spot to move clean silver-bearing scrap you’ve been sitting on, but don’t chase every flake like prices are about to double.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,770/oz, up +$16.00 (+0.91%) day-over-day. Previous close: $1,754/oz. MoM: -13.9%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,243/oz, up +$41.00 (+3.41%) day-over-day. Previous close: $1,202/oz. MoM: -15.8%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -19.6%.
• Rhodium 5-day trend: ↓ 4 of last 5 sessions.

**PGM prices are firm today, but the trend is still choppy.** Platinum is at **$1,770/oz** and palladium is at **$1,243/oz**, both up on the day, while rhodium holds at **$8,000/oz**. But the 5-day trend is weak for all three, so scrap sellers should watch for fast moves and not chase every spike.

Copper — Current Indicators

• COMEX/Spot Copper: $6.43/lb, up +$0.1020 (+1.61%) day-over-day. Previous close: $6.33/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s paying up, but your costs still hurt.** Copper is around **$6.43/lb**, up about **10 cents** today and higher in 3 of the last 5 sessions. Prices are strong, so it’s a good time to move clean copper, but remember you’re still hauling in a **high fuel cost** world, even with Brent easing to about **$92.64/bbl**.

Aluminum — Current Indicators

• LME Aluminum: $3,575/tonne ($1.62/lb), down $0.0089 (-0.55%) day-over-day. Previous close: $1.63/lb.
• 5-day trend: ↓ 5 of last 5 sessions.

Aluminum is sitting around **$1.62/lb**, a touch lower on the day and red 5 sessions in a row. With prices drifting down and the dollar firm, this is a market to move **clean, easy-to-ship aluminum** and be picky on anything hairy, especially while fuel stays high even with Brent easing a bit.

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.