SMASH Recycling Morning Metals Report – July 27, 2026

Prices as of July 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 — $4,088/oz ▲
• Silver — $58.91/oz ▲
• PGMs — Rh ▸ $8,250 · Pt ▲ $1,628 · Pd ▲ $1,265
• Copper — $6.39/lb ▲
• Aluminum — $1.44/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4093

SMASH Recycling Takeaways for Today

• Gold & Silver — Tape is up today, so push clean, photo-documented precious loads into auctions; don’t sit on riskier mixed material.
• PGMs — With platinum and palladium both stronger and rhodium steady, prioritize well-graded cats and cores into competitive bids while you’ve got a firm tape.
• Copper — Last call to clean up “questionable” copper you’ve been sitting on; at $6.39 and ticking higher, bundle and document for buyers who want clarity.
• Aluminum — Strength is still modest but holding; keep moving auto and extrusion aluminum in tight, well-lotted packs instead of waiting for a big jump.
• Big Picture — 6 of 8 metals higher, 2 flat — use auctions and documented inventory to let competition reveal the true market.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $90.41/bbl, down $7.97 (-8.10%) day-over-day.

US Dollar Index (DXY): 101.38, up 0.24 (+0.24%) day-over-day.

**Oil just dropped almost 8% in a day. That changes your yard math.**

Brent’s back near **$90**, but the move was sharply **down**, not up. Cheaper fuel helps on truck and loader costs, but a fast oil drop can signal fear in the broader market, not comfort. Stronger **U.S. dollar** and higher **2Y/10Y yields** say money is still nervous and parking in safety, not chasing risk.

Real **10Y rates are firmly positive**, which tends to lean against **gold and silver**, and that lines up with the softer tape you’re seeing. Auto and industrial production are still inching higher, so the real economy is grinding forward, but the rates-and-dollar backdrop means buyers will stay picky on risk loads. In this setup, you want clean, documented scrap, tight BOLs, and photo-backed inventories to keep bids competitive even when macro feels jumpy.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,088/oz, up +$35.90 (+0.89%) day-over-day. Previous close: $4,052/oz.
• 5-day trend: ↑ 4 of last 5 sessions.

**Gold’s pushing higher again, and clean, documented loads will get the best attention.** Gold is trading around **$4,088/oz**, up about **0.9%** today and green in **4 of the last 5 sessions**. With the dollar firm and oil dropping hard, risk is calmer, so expect buyers to stay picky but still pay up for well-sorted, tested gold scrap and electronics, especially when you back it with photos, serials, and clear weights.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.91/oz, up +$0.7125 (+1.22%) day-over-day. Previous close: $58.20/oz.
• 5-day trend: ↑ 4 of last 5 sessions.
• Gold/Silver ratio: 69.4:1.

**Silver is climbing again, and scrap sellers should pay attention.** Silver is at **$58.91/oz**, up about 71 cents today, and has risen in **4 of the last 5 sessions**, even with oil dropping almost 8% and the dollar firmer, which tells you buyers still want metal risk. The gold/silver ratio near **69:1** keeps silver looking cheaper than gold, so this is a good time to tighten up your silver loads, document cats and contacts clearly, and use competitive bids instead of taking the first offer.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,628/oz, up +$43.00 (+2.71%) day-over-day. Previous close: $1,585/oz. MoM: +0.8%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,265/oz, up +$38.00 (+3.10%) day-over-day. Previous close: $1,227/oz. MoM: +6.5%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,250/oz, flat day-over-day. Previous close: $8,250/oz. MoM: +6.5%.
• Rhodium 5-day trend: ↑ 1 of last 5 sessions.

**PGM tape is finally giving scrap sellers a bit of breathing room.** Platinum and palladium are both up the last few sessions, so clean, well-graded cats with clear photos and serials should see stronger bids if you put them in front of multiple buyers instead of taking the first offer.[2][4] Rhodium is flat, which means buyers will still respect the metal but won’t chase sloppy loads, so use your inventory tools and VIN lookup to tighten grading before you move big volumes.

Copper — Current Indicators

• COMEX/Spot Copper: $6.39/lb, up +$0.0480 (+0.76%) day-over-day. Previous close: $6.34/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s firming up, but not ripping higher.** Copper is around **$6.39/lb**, up about **5 cents** and green in 3 of the last 5 sessions. With the dollar a bit stronger and oil down almost 8%, this looks like steady tape, not a panic move, so you can expect buyers to stay active but still picky on grade and documentation.

Aluminum — Current Indicators

• LME Aluminum: $3,183/tonne ($1.44/lb), up +$0.0084 (+0.59%) day-over-day. Previous close: $1.44/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

**Aluminum keeps grinding higher, but not by much.** Aluminum is sitting around **$1.44/lb**, up less than a cent today, with gains in 4 of the last 5 sessions. With oil dropping almost 8% and the dollar firm, this slow, steady climb says buyers still want clean, well-documented aluminum, but you shouldn’t expect runaway pricing on your next load.

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.