Smash Scrap Morning Metals Report – May 29, 2026

Prices as of May 29, 2026 at 07:30 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.

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• Gold — $4,523/oz ▲
• Silver — $75.37/oz ▼
• PGMs — Rh ▼ $8,800 · Pt ▼ $1,915 · Pd ▸ $1,354
• Copper — $6.39/lb ▼
• Aluminum — $1.66/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3809

Smash Scrap Takeaways for Today

• Gold & Silver — Gold is up, but silver is down, so hold clean precious scrap for a better silver day and sell only urgent lots now.
• PGMs — Platinum and rhodium are weaker, while palladium is flat, so move low-grade or cash-urgent PGM material and wait on the rest.
• Copper — Copper is softer, so keep high-grade copper sorted and be ready to sell fast if the board slips again.
• Aluminum — Aluminum is down a bit, so ship clean, segregated aluminum now before another small drop cuts your payout.
• Big Picture — Only 1 of 8 metals is higher today, so the market is mostly softer and sellers should be selective, not rushed.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $91.16/bbl, down $1.27 (-1.37%) day-over-day.

US Dollar Index (DXY): 99.05, down 0.12 (-0.12%) day-over-day.

Brent crude is **down** to **$91.16/bbl**, which eases some cost pressure for processors and freight-sensitive yards.[1] The **U.S. dollar** is a little softer too, with DXY at **99.05** and USD/CAD at **1.3809**, which can give metals a small lift in dollar terms.[1]

Rates still keep a lid on risk appetite. The **10-year yield** sits at **4.48%**, while the **Fed rate** is **3.64%** and inflation expectations are **2.39%**.[1] That mix points to a market that is still cautious, but not in full panic mode, which may help keep scrap demand steady rather than sharply higher or lower.[1]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,523/oz, up +$23.39 (+0.52%) day-over-day. Previous close: $4,500/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is **up** to **$4,523/oz**, so scrap sellers may still see strong values for clean gold lots. But the market has been choppy, with gold down 3 of the last 5 sessions, so recyclers may want to watch for quick price swings before locking in big deals.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $75.37/oz, down $0.3380 (-0.45%) day-over-day. Previous close: $75.70/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 60.0:1.

Silver is **slightly weaker** at **$75.37/oz**, down about **34 cents** on the day. The **gold/silver ratio at 60:1** and the **3-of-5-day down trend** point to a softer tone, but lower Brent crude can ease costs for recyclers and help margins.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,915/oz, down $3.00 (-0.16%) day-over-day. Previous close: $1,918/oz. MoM: +2.1%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,354/oz, flat day-over-day. Previous close: $1,354/oz. MoM: -6.1%.
• Palladium 5-day trend: → flat over last 5 sessions.
• Rhodium (Rh): $8,800/oz, down $100.00 (-1.12%) day-over-day. Previous close: $8,900/oz. MoM: -12.0%.
• Rhodium 5-day trend: ↓ 4 of last 5 sessions.

Platinum and rhodium are soft again, with both down on the day and weak over the last five sessions, while palladium is holding flat. For scrap sellers, that means the PGM market is still under pressure, though lower Brent crude at $91.16/bbl helps ease some cost strain for processors and yards.[1]

Copper — Current Indicators

• COMEX/Spot Copper: $6.39/lb, down $0.0300 (-0.47%) day-over-day. Previous close: $6.42/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **$6.39/lb**, down about 3 cents today, but it is still holding a **3-of-5 day uptrend**. For scrap sellers, that points to a market that is soft today but still firm enough to watch for better quotes, especially with Brent crude easing and some cost pressure relief for processors.

Aluminum — Current Indicators

• LME Aluminum: $3,663/tonne ($1.66/lb), down $0.0048 (-0.29%) day-over-day. Previous close: $1.67/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Aluminum is **$1.66/lb**, down less than a cent today, so the move is very small. The market has still closed higher in **3 of the last 5 sessions**, and cheaper Brent crude at **$91.16/bbl** helps keep freight and processing costs in check for scrap sellers.

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.