SMASH Recycling Morning Metals Report – July 24, 2026

Prices as of July 24, 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 — $4,059/oz ▲
• Silver — $58.40/oz ▲
• PGMs — Rh ▸ $8,200 · Pt ▲ $1,601 · Pd ▲ $1,240
• Copper — $6.37/lb ▲
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4083

SMASH Recycling Takeaways for Today

• Gold & Silver — Move clean, documented gold and silver-bearing scrap now while both are bid up and buyers are chasing ounces.
• PGMs — With platinum and palladium up and rhodium flat, tighten cats: sort by grade, photograph, and list core loads while buyers are paying up for quality.
• Copper — With copper another 4 cents higher, prioritize stripping and shipping bright wire and #1 copper this week instead of sitting on mixed lower grades.
• Aluminum — Aluminum slipped about 2 cents; hold marginal, dirty aluminum and focus on moving higher-margin non-ferrous until tags improve.
• Big Picture — Five of eight tracked metals are higher today, so lean into selling clean, well-documented non-ferrous loads while buyers are in a paying mood.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $91.84/bbl, down $8.56 (-8.53%) day-over-day.

US Dollar Index (DXY): 101.43, up 0.44 (+0.44%) day-over-day.

**Oil just fell hard. That takes some heat off costs, but ramps up macro risk.**

Brent crude is down over 8%, now sitting around **$92/bbl**. That’s a big move. Cheaper fuel helps shred, trucking, and yellow iron, but fast drops often mean traders are nervous about growth and war risk, not relaxed.

The **U.S. dollar is firmer** and rates keep grinding up. DXY is at **101.4**, 10Y at **4.67%**, 2Y at **4.31%**, with real yields near **2.4%**. Strong dollar and higher yields are a headwind for gold and silver, and they usually cool off some risk appetite. For you, that means watch diesel and freight, but also keep an eye on buyers’ balance sheets and export demand.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,059/oz, up +$9.90 (+0.24%) day-over-day. Previous close: $4,049/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold’s still climbing, even with oil pulling back.** Gold is around **$4,059/oz**, up about **0.24%** today and higher in **3 of the last 5 sessions**.[4][10] For you, that means clean, documented gold-bearing scrap looks good to move into the market, but don’t forget buyers are watching the strong dollar and weaker oil, so expect them to stay picky on assays and paperwork.[7][10]

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.40/oz, up +$0.7410 (+1.29%) day-over-day. Previous close: $57.66/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 69.5:1.

**Silver’s grinding higher while oil backs off — that helps you.** Silver is around **$58.40/oz**, up about 1.3% today and green in 4 of the last 5 sessions. With the gold/silver ratio near **69.5:1** and the dollar firm, this is a steady, patient market — a decent time to review your silver inventory and watch bids, not rush loads out the door.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,601/oz, up +$7.00 (+0.44%) day-over-day. Previous close: $1,594/oz. MoM: +0.8%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,240/oz, up +$3.00 (+0.24%) day-over-day. Previous close: $1,237/oz. MoM: +7.0%.
• Palladium 5-day trend: ↑ 4 of last 5 sessions.
• Rhodium (Rh): $8,200/oz, flat day-over-day. Previous close: $8,200/oz. MoM: +3.1%.
• Rhodium 5-day trend: ↓ 1 of last 5 sessions.

**PGM prices are trying to climb, but this still feels like a choppy market for your cats.** Platinum and palladium are both up a touch, with short-term trends pointing higher, while rhodium is holding flat after a small slip this week. With oil dropping and the dollar firm, this move looks more like a mild bounce than a true breakout, so stay selective on when you move bigger PGM loads.

Copper — Current Indicators

• COMEX/Spot Copper: $6.37/lb, up +$0.0375 (+0.59%) day-over-day. Previous close: $6.33/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is up to $6.37/lb, so the tape is still firm for now.** It has gained about 4 cents and is up 3 of the last 5 sessions, but a stronger dollar and softer oil can cap upside fast. For scrap sellers, this is a decent time to watch bids close and move clean loads.

Aluminum — Current Indicators

• LME Aluminum: $3,158/tonne ($1.43/lb), down $0.0151 (-1.04%) day-over-day. Previous close: $1.45/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum slipped today, but the tape still has some fight in it.** Aluminum is around **$1.43/lb**, down about **2 cents** on the day, so buyers have a little more leverage right now. The five-day trend is still **up in 3 of the last 5 sessions**, and with oil getting hit and the dollar firm, expect buyers to stay picky on specs and spreads while you keep hunting for real competition on your cats and clips.

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.