SMASH Recycling Morning Metals Report – July 14, 2026

Prices as of July 14, 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 — $4,027/oz ▲
• Silver — $58.00/oz ▲
• PGMs — Rh ▸ $8,100 · Pt ▼ $1,599 · Pd ▲ $1,239
• Copper — $6.36/lb ▲
• Aluminum — $1.44/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4145

SMASH Recycling Takeaways for Today

• Gold & Silver — With both up today, move clean, well-documented gold and silver; hold back low-grade or mixed material and tighten spreads.
• PGMs — Platinum is soft while palladium is up and rhodium flat; focus on moving higher-value cats and segregated PGM cores, don’t discount platinum-heavy material just to move tons.
• Copper — Up about 9 cents; ship your clean #1 and #2 copper now while bids have support, and keep documenting loads tightly.
• Aluminum — Price is higher but only by a hair; move segregated, clean aluminum grades, keep mixed clips and dirty cast tight until buyers chase them.
• Big Picture — Five of eight metals are higher today, so use the strength to move your best-graded, clean loads and stay picky on weak categories.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $86.65/bbl, up $3.32 (+3.98%) day-over-day.

US Dollar Index (DXY): 101.05, up 0.11 (+0.11%) day-over-day.

**Energy is hot again. Risk is creeping up with it.**

Brent ripped almost 4% higher to around **$86.65**. That’s real money for shred and trucking. Any move this fast can bleed into diesel and power, so keep an eye on fuel surcharges and yard operating costs.

The U.S. dollar is still firm, with DXY near **101** and USD/CAD around **1.41**. That supports import flows but pressures export deals. Yields are grinding up again, with the 2-year above **4.2%** and 10-year near **4.6%**, while real yields sit over **2%**. That’s a headwind for gold and silver and a reminder: funding costs aren’t going away.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,027/oz, up +$24.10 (+0.60%) day-over-day. Previous close: $4,003/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is grinding higher, not exploding.** Gold is at **$4,027/oz**, up about **$24** today, even though it’s been down in **3 of the last 5 sessions**.[4][5] With the dollar a bit stronger and **energy hot again** (Brent around **$86.65/bbl**), expect buyers to stay picky on low-grade gold scrap, but clean, well-documented loads with photos and serials should still draw solid bids in auctions.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.00/oz, up +$0.3360 (+0.58%) day-over-day. Previous close: $57.66/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 69.4:1.

**Silver is holding near $58 an ounce, and the move is still up on the day.** For scrap sellers, that keeps silver-bearing loads worth sorting tight, but the 5-day trend is choppy, so don’t chase weak material.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,599/oz, down $2.00 (-0.12%) day-over-day. Previous close: $1,601/oz. MoM: -6.8%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,239/oz, up +$5.00 (+0.41%) day-over-day. Previous close: $1,234/oz. MoM: -2.3%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,100/oz, flat day-over-day. Previous close: $8,100/oz. MoM: +1.2%.
• Rhodium 5-day trend: ↓ 2 of last 5 sessions.

**PGM prices are choppy, so you can’t get lazy on your cat loads right now.** Platinum is a touch weaker and rhodium is soft, while palladium has a small bounce, so converter payouts will stay tight and highly buyer-specific.[2][3] With the dollar firm and energy hot again, expect buyers to stay picky on assay, documentation, and how you sort your cores before they loosen bids.[2][3]

Copper — Current Indicators

• COMEX/Spot Copper: $6.36/lb, up +$0.0860 (+1.37%) day-over-day. Previous close: $6.27/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is firm again, and that keeps sellers in a better spot.** At **$6.36/lb**, copper is up about **9 cents** on the day and has moved higher in **3 of the last 5 sessions**. With energy hot again and supply chains still tight, buyers may stay active, so clean copper loads should keep moving.

Aluminum — Current Indicators

• LME Aluminum: $3,172/tonne ($1.44/lb), up +$0.0073 (+0.51%) day-over-day. Previous close: $1.43/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is nudging higher, not ripping.** Aluminum sits around **$1.44/lb**, up less than a cent, with gains in **3 of the last 5 sessions**. Energy is hot again and buyers still need metal, so this slow grind up matters for you when you’re building and timing your next clean aluminum loads.

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.