SMASH Recycling Morning Metals Report – July 9, 2026
Prices as of July 09, 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.
All tracked metals are higher today.
Jump to:
- Gold — $4,105/oz ▲
- Silver — $59.16/oz ▲
- PGMs — Rh ▸ $8,200 · Pt ▲ $1,613 · Pd ▲ $1,235
- Copper — $6.24/lb ▲
- Aluminum — $1.44/lb ▲
- Steel Scrap — $413.00/mt ▸
- Macro Backdrop
- CAD — USD/CAD 1.4174
SMASH Recycling Takeaways for Today
- Gold & Silver — Push offers higher on clean gold/silver-bearing scrap and e-scrap; don’t fire-sale good material into a rising tape.
- PGMs — With platinum and palladium up and rhodium flat, move complete cats and well-graded PGM lots now, but hold back mixed, low-yield material for tighter sorting and better bids.
- Copper — Copper is up about 12 cents; tighten spreads on #1 and bright wire and move heavier copper loads while buyers are chasing.
- Aluminum — Aluminum is grinding higher; clear out mixed and dirty grades you’ve been sitting on, and use photo documentation to justify firmer asking prices.
- Big Picture — 6 of 8 metals are higher today, so lean into auctions and competition instead of guessing with one buyer.
Macro Backdrop — Energy and Risk
Brent Crude Oil: $78.50/bbl, down $0.2400 (-0.30%) day-over-day.
US Dollar Index (DXY): 100.93, up 0.08 (+0.08%) day-over-day.
**Oil is softer, but risk stays hot.** Brent is down to **$78.50** a barrel. The **U.S. dollar is still firm**, and that can press on scrap export demand and non-ferrous prices. [1]
**Rates are high, too.** The **10-year yield sits at 4.55%**, with the **2-year at 4.19%**. Real yields are still positive, so gold and silver keep a headwind. That leaves the market watching flows, not hope. [1]
Gold — Safe-Haven Indicator
- Spot Gold (XAU): $4,105/oz, up +$26.90 (+0.66%) day-over-day. Previous close: $4,078/oz.
- 5-day trend: ↑ 3 of last 5 sessions.
**Gold is climbing again, and clean material is getting more attention.** Spot gold is around **$4,105/oz**, up about **0.7%** today and higher in 3 of the last 5 sessions, even with the dollar firm and oil softer.[5] For you, that means well-sorted, documented gold — boards, jewelry, contacts — is easier to move, but buyers still won’t pay full spot, so use competition and clear photos to tighten spreads on your lots.[2][5]
Silver — Industrial & Precious Hybrid
- Spot Silver (XAG): $59.16/oz, up +$0.7225 (+1.24%) day-over-day. Previous close: $58.44/oz.
- 5-day trend: ↑ 3 of last 5 sessions.
- Gold/Silver ratio: 69.4:1.
**Silver is climbing again, and clean material is getting more attention.** Silver is around **$59.16/oz**, up about **72 cents** today and higher in 3 of the last 5 sessions.[9][1] With risk still hot and oil softer at **$78.50 Brent**, this kind of steady move says don’t sleep on documented silver loads, especially clean jewelry, flatware, and high-grade industrial scrap.[4][1]
Precious Metals (PGM) — Screen Indicators
- Platinum (Pt): $1,613/oz, up +$30.00 (+1.90%) day-over-day. Previous close: $1,583/oz. MoM: -6.0%.
- Platinum 5-day trend: ↑ 3 of last 5 sessions.
- Palladium (Pd): $1,235/oz, up +$32.00 (+2.66%) day-over-day. Previous close: $1,203/oz. MoM: +2.0%.
- 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: ↑ 3 of last 5 sessions.
**PGM prices are firmer, so your cats are a little more interesting today.** Platinum and palladium are both up over the last session, which helps the overall converter basket and improves selling economics on clean, documented loads.[1][4] Rhodium is flat but holding high, so there’s still solid value in well-sorted, high-grade material even with softer oil and a firm dollar in the background.[3][5]
Copper — Current Indicators
- COMEX/Spot Copper: $6.24/lb, up +$0.1175 (+1.92%) day-over-day. Previous close: $6.12/lb.
- 5-day trend: ↓ 3 of last 5 sessions.
**Copper is up to $6.24/lb, but the tape is still choppy.** It is higher by about 12 cents today, yet it has fallen in 3 of the last 5 sessions, so sellers should watch for fast swings. Oil is softer at $78.50, and that keeps the macro tone mixed, not strong.
Aluminum — Current Indicators
- LME Aluminum: $3,166/tonne ($1.44/lb), up +$0.0114 (+0.80%) day-over-day. Previous close: $1.42/lb.
- 5-day trend: ↑ 3 of last 5 sessions.
**Aluminum’s finally breathing a bit after that recent slide.** Aluminum is around **$1.44/lb**, up about a cent today, with 3 gains in the last 5 sessions. Oil is softer and the dollar is firm, but risk money is still active, so buyers may stay interested in clean, well-documented 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.
