SMASH Recycling Morning Metals Report – July 8, 2026

Prices as of July 08, 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 — $4,070/oz ▼
• Silver — $58.50/oz ▼
• PGMs — Rh ▸ $8,250 · Pt ▼ $1,575 · Pd ▼ $1,194
• Copper — $6.10/lb ▼
• Aluminum — $1.43/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4199

SMASH Recycling Takeaways for Today

• Gold & Silver — With both down, don’t dump good gold/silver-bearing boards or contacts; tighten buys and wait for a bounce before moving cleaner lots.
• PGMs — Cats and PGM lots are softer again; move low-yield / mixed material now, but hold back your best converters where you can pick your buyer.
• Copper — At $6.10 and slipping, clear slow-moving #2, shred, and low-grade wire, but stay patient and selective on #1 and bare bright.
• Aluminum — Small uptick only; use it to clean up mixed and dirty aluminum while bids are there, and keep your inventory tool tight so you know exactly what to push.
• Big Picture — Only 1 of 8 metals is higher today, so protect cash, sell problem material, and keep prime, well-documented loads flexible.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $77.52/bbl, up $1.32 (+1.73%) day-over-day.

US Dollar Index (DXY): 101.15, up 0.29 (+0.29%) day-over-day.

**Oil is waking up. Risk is back on the table.**

Brent crude is pushing higher around **$77.50**, up almost 2%. That keeps fuel and shredder power costs firm, and it supports export prices tied to energy. The U.S. dollar is a bit stronger with DXY near **101**, so offshore buyers feel more FX pressure on dollar deals.

On the risk side, bond yields are steady with the **2Y around 4.13%** and **10Y near 4.48%**, and the Fed rate hasn’t moved. Inflation is still running hot on the CPI print, while consumer sentiment is slipping. That mix says: energy up, dollars firm, and macro risk still elevated — you should stay tight on BOLs, loads, and payment terms.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,070/oz, down $29.00 (-0.71%) day-over-day. Previous close: $4,099/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is drifting lower, not crashing, so you don’t need to panic—but you should stay sharp on your spreads.** Gold is around **$4,070/oz**, down about **0.7% today** and weaker in **3 of the last 5 sessions**, with the firmer dollar putting pressure on prices.[6][4] Oil is waking up at **$77.52/bbl**, so expect buyers to stay picky; clean, well-marked gold-bearing e-scrap and jewelry will still move, but you may see tighter bids on mixed or low-yield material.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.50/oz, down $1.17 (-1.96%) day-over-day. Previous close: $59.67/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 69.6:1.

**Silver is softer today at $58.50 an ounce, but the bigger picture is still mixed.** It is down 1.96% on the day, yet it has risen in 3 of the last 5 sessions, so this is more of a pullback than a full break. For scrap sellers, that means silver-bearing loads still have a market, but you should not chase the top on cats, e-scrap, or clean silver lots right now.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,575/oz, down $56.00 (-3.43%) day-over-day. Previous close: $1,631/oz. MoM: -10.2%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,194/oz, down $51.00 (-4.10%) day-over-day. Previous close: $1,245/oz. MoM: -0.7%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,250/oz, flat day-over-day. Previous close: $8,250/oz. MoM: +3.1%.
• Rhodium 5-day trend: ↑ 3 of last 5 sessions.

**PGM prices are mixed, but the tape is soft for sellers right now.** Platinum is at **$1,575/oz** and palladium is at **$1,194/oz**, both down hard today, while rhodium is flat at **$8,250/oz**. With the dollar firmer and oil only waking up, buyers may stay cautious, so lock in clean cats and PGM lots with good docs.

Copper — Current Indicators

• COMEX/Spot Copper: $6.10/lb, down $0.0745 (-1.21%) day-over-day. Previous close: $6.17/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Copper’s soft today, but this isn’t a crash.** Copper is around **$6.10/lb**, down about **7 cents** on the day and lower in **3 of the last 5** sessions. With the **US dollar a bit stronger** and **oil waking up around $77.52/bbl**, expect some chop, so price your heavy copper and wire off today’s weaker tape but don’t panic‑cut yard buys unless this slide turns into a real trend.

Aluminum — Current Indicators

• LME Aluminum: $3,153/tonne ($1.43/lb), up +$0.0057 (+0.40%) day-over-day. Previous close: $1.42/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is edging higher, and the tape looks a little firmer.** It is at **$1.43/lb**, up less than a cent, and it has finished higher in **3 of the last 5 sessions**. With oil waking up and the dollar still firm, this is more of a steady grind than a hot run.

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.