SMASH Recycling Morning Metals Report – July 10, 2026

Prices as of July 10, 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.

Jump to:

• Gold — $4,106/oz ▼
• Silver — $59.65/oz ▼
• PGMs — Rh ▸ $8,200 · Pt ▸ $1,611 · Pd ▲ $1,255
• Copper — $6.27/lb ▲
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4169

SMASH Recycling Takeaways for Today

• Gold & Silver — With both down today, don’t rush precious load sales; hold clean gold/silver lots if your yard can carry the inventory.
• PGMs — Palladium is still climbing while platinum and rhodium sit flat; push cats and PGM-rich cores to auction now to capture that palladium strength.
• Copper — Price is nudging higher again; move bright copper and #1/#2 copper loads sooner rather than later before buyers step back.
• Aluminum — With aluminum slipping, avoid dumping clean extrusion and sheet; bundle and document inventory with photos and packing lists, then wait for a better bid window.
• Big Picture — Mixed board today: only 2 metals higher, 3 lower, 3 flat — use auctions and multiple buyers to let competition reveal the real market on each load.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $76.53/bbl, up $0.5500 (+0.72%) day-over-day.

US Dollar Index (DXY): 100.83, down 0.02 (-0.02%) day-over-day.

**Energy is firm, but big picture risk stays mixed.**

Brent crude is holding around **$76.50**, up about **55 cents**.\ Oil has bounced off recent lows, but it’s not ripping higher.\ Fuel costs are a mild headwind, not a full problem for yards yet.

The **U.S. dollar** is soft on the edges.\ DXY is flat and USD/CAD sits near **1.42**, so no major FX shock.\ Yields are still high, with the 10‑year around **4.56%** and real rates above **2%**, which keeps pressure on gold and silver and signals tighter money.\ Net: energy is stable, money is still tight, and risk remains on the cautious side.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,106/oz, down $16.70 (-0.41%) day-over-day. Previous close: $4,123/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still rich, but it’s cooling off a bit.** Gold is around **$4,106/oz and down 0.4% today**, with 3 of the last 5 sessions closing lower. That’s still strong money for cats, boards, and jewelry, but the short-term trend is softer, so you should price loads off real market data, not yesterday’s high.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $59.65/oz, down $0.3140 (-0.52%) day-over-day. Previous close: $59.96/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 68.8:1.

**Silver is softer today, and that keeps scrap buyers cautious.** At **$59.65/oz**, it is down about **31 cents** and has lost ground in **3 of the last 5 sessions**, so price support looks shaky for now. The **68.8:1 gold/silver ratio** says silver is still lagging gold, and with Brent crude around **$76.53/bbl**, energy is firm but not enough to change the tone fast.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,611/oz, flat day-over-day. Previous close: $1,611/oz. MoM: -2.8%.
• Platinum 5-day trend: → flat over last 5 sessions.
• Palladium (Pd): $1,255/oz, up +$22.00 (+1.78%) day-over-day. Previous close: $1,233/oz. MoM: +4.2%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,200/oz, flat day-over-day. Previous close: $8,200/oz. MoM: +2.5%.
• Rhodium 5-day trend: ↑ 2 of last 5 sessions.

PGM prices are quiet but not dead. Platinum and rhodium are flat, while **palladium** is ticking up with gains in 3 of the last 5 sessions. With oil and the dollar not causing big waves right now, you can take your time, compare bids on converter loads, and use auctions to let buyers fight over the better cats.

Copper — Current Indicators

• COMEX/Spot Copper: $6.27/lb, up +$0.0245 (+0.39%) day-over-day. Previous close: $6.25/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still paying you to move material. Don’t sleep on this market.** Copper is around **$6.27/lb**, up about **2 cents** today, and it’s closed higher in **3 of the last 5 sessions**. With energy costs firm but not crazy and the dollar soft, this is a decent tape for you to keep pushing cats, wire, and brass while buyers are still paying up.

Aluminum — Current Indicators

• LME Aluminum: $3,162/tonne ($1.43/lb), down $0.0215 (-1.48%) day-over-day. Previous close: $1.46/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum’s taking a small breather, but the trend’s still not ugly.** Aluminum is around **$1.43/lb**, down about **2 cents** today, but it’s been up in **3 of the last 5 sessions**, so the move feels like a pause, not a crash. Energy is firm but not flying, and with Brent near **$76.50**, fuel is only a mild headwind, so you can keep moving cats and clean aluminum without panic.

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 Recycling and let vetted Canadian buyers compete for your scrap.