Smash Scrap Morning Metals Report – May 27, 2026

Prices as of May 27, 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 — $4,460/oz ▼
• Silver — $74.90/oz ▼
• PGMs — Rh ▼ $9,200 · Pt ▼ $1,928 · Pd ▼ $1,365
• Copper — $6.38/lb ▼
• Aluminum — $1.66/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3812

Smash Scrap Takeaways for Today

• Gold & Silver — Sell only urgent lots now, and hold cleaner material for a bounce because both metals are down hard today.
• PGMs — Slow-roll platinum, palladium, and rhodium sales; move only cash-need or low-grade units until the board stabilizes.
• Copper — Ship bright wire, #1, and clean motors now while copper is still above $6.00 and near recent firm levels.
• Aluminum — Move segregated cans, sheet, and extrusion now; the small drop is a better cue to sell than to wait.
• Big Picture — The board is weak, with 0 of 8 metals higher today; 7 lower (Gold ↓, Silver ↓, Platinum ↓, Palladium ↓, Rhodium ↓, Copper ↓, Aluminum ↓); 1 flat (Steel →), so sellers should favor prompt sales on base metal runs and be patient on precious.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.75/bbl, down $3.85 (-3.99%) day-over-day.

US Dollar Index (DXY): 99.06, down 0.13 (-0.13%) day-over-day.

Energy is taking a breather. **Brent crude is just under $93**, but it dropped almost **4% overnight**, easing some fuel and transport cost pressure for yards. A softer **US dollar index near 99** and steady **USD/CAD around 1.38** keep currency risk in check for cross‑border flows, with only small FX shifts showing up in Canadian scale prices.

On the macro side, the **10‑year yield is holding near 4.6%** and **inflation expectations are steady around 2.4%**, while the **Fed rate and CPI are unchanged on the latest prints.** This points to a “wait and see” rate environment: money is not getting cheaper, but it is not tightening further right now. Auto production is ticking higher, which is a quiet positive for steel and copper demand tied to the car sector, but overall risk appetite still feels muted after recent volatility in metals and energy.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,460/oz, down $41.56 (-0.92%) day-over-day. Previous close: $4,502/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is trading around **$4,460/oz**, down almost 1% today and lower in **3 of the last 5 sessions**, as a softer dollar and calmer energy market take some heat out of recent highs. With prices easing but still historically strong, scrap sellers and recyclers may see slightly thinner offers than last week, but it still makes sense to move gold-bearing material if you need cash or want to reduce price risk.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $74.90/oz, down $2.16 (-2.80%) day-over-day. Previous close: $77.06/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 59.6:1.

Silver is trading around **$74.90/oz**, down about **2.8%** today, but it has still moved higher in **3 of the last 5 sessions**, so the short-term trend is choppy rather than broken. The **gold/silver ratio near 59.6:1** and a softer dollar suggest silver is easing with the broader energy pullback, so scrap sellers may want to expect slightly lower bids today but watch for small bounces to move material.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,928/oz, down $26.00 (-1.33%) day-over-day. Previous close: $1,954/oz. MoM: -3.1%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,365/oz, down $4.00 (-0.29%) day-over-day. Previous close: $1,369/oz. MoM: -6.4%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $9,200/oz, down $100.00 (-1.08%) day-over-day. Previous close: $9,300/oz. MoM: -8.0%.
• Rhodium 5-day trend: ↓ 4 of last 5 sessions.

PGM prices are softer today, with **platinum, palladium, and rhodium all edging down**, even though energy and the dollar are fairly calm. Platinum and palladium have still managed to rise in 3 of the last 5 sessions, but rhodium looks weaker, so scrap sellers may see **slightly lower bids**, especially on high-rhodium cat material.

Copper — Current Indicators

• COMEX/Spot Copper: $6.38/lb, down $0.0405 (-0.63%) day-over-day. Previous close: $6.42/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Copper is around **$6.38/lb**, down about **4 cents** today, but it has still moved higher in **4 of the last 5 sessions**, so the broader uptrend is intact. With the **dollar a bit softer** and **energy taking a breather around $92+ oil**, the market feels more like a pause than a crash, so scrap sellers can still expect strong—but slightly cooler—numbers at the yard.

Aluminum — Current Indicators

• LME Aluminum: $3,667/tonne ($1.66/lb), down $0.0051 (-0.31%) day-over-day. Previous close: $1.67/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Aluminum is **$1.66/lb**, down less than a cent today, so the market is a little softer but not breaking down. The bigger picture is still steady, with aluminum up in **4 of the last 5 sessions**, so sellers may want to watch for small bounces instead of rushing. Energy is taking a breather, which fits the calmer tone in the market.

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.