SMASH Recycling Morning Metals Report – June 1, 2026

Prices as of June 01, 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.

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• Gold — $4,505/oz ▼
• Silver — $75.62/oz ▲
• PGMs — Rh ▸ $8,800 · Pt ▲ $1,946 · Pd ▲ $1,342
• Copper — $6.55/lb ▲
• Aluminum — $1.68/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3798

SMASH Recycling Takeaways for Today

• Gold & Silver — With gold down and silver up, hold back on big gold lots unless you need cash, but move clean silver (coins, bars, bright jewelry) while bids are a touch stronger.
• PGMs — Platinum and palladium are both firmer, so push platinum/palladium-heavy cats and small lots now, while keeping rhodium-heavy material slow and selective since rhodium is only flat, not strong.
• Copper — Copper is up about 16 cents and near recent highs, so use this pop to ship #1 wire, tubing, and bus bar today, and clean up any mixed copper if your yard is tight on space.
• Aluminum — Aluminum is grinding higher, so keep moving clean, segregated grades (MLC, extrusion, cast) on this small upswing instead of waiting for a big spike that may not come.
• Big Picture — With 5 of 8 metals higher and only gold softer, lean toward selling into today’s strength but stay picky on weaker or flat items.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $93.63/bbl, up $1.93 (+2.10%) day-over-day.

US Dollar Index (DXY): 99.06, down 0.15 (-0.15%) day-over-day.

**Energy** is firmer this morning, with Brent crude at **$93.63/barrel**, up **2.1%**. That keeps a small cost tailwind under transport and production, which can support scrap pricing if the move holds.[7]

**Risk** looks a bit softer on the currency side. The **U.S. dollar index** slipped to **99.06**, while **USD/CAD** is at **1.3798**. Inflation expectations eased to **2.38%**, the Fed rate held at **3.64%**, and auto production improved, which is a mild positive for industrial scrap demand.[1][6]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,505/oz, down $36.52 (-0.80%) day-over-day. Previous close: $4,542/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is still very expensive at about **$4,505/oz**, but it’s slipping, down about **0.8%** today and lower in 3 of the last 5 sessions. With the dollar a bit softer and energy prices up, refiner costs may stay firm, so scrap sellers can still expect strong payouts even if spot has eased off the highs.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $75.62/oz, up +$0.3210 (+0.43%) day-over-day. Previous close: $75.30/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 59.6:1.

Silver is trading around **$75.62/oz**, up about **32 cents** today, with prices moving higher in **3 of the last 5 sessions**.[3][8] A softer US dollar and firmer **energy prices** (Brent crude near **$93.63/bbl**) are helping support silver, and the **gold/silver ratio at 59.6:1** still leaves room for silver to play catch-up, so scrap sellers can expect slightly better bids but should still shop around for the best “percent of spot” offers.[3][5]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,946/oz, up +$30.00 (+1.57%) day-over-day. Previous close: $1,916/oz. MoM: -2.0%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,342/oz, up +$3.00 (+0.22%) day-over-day. Previous close: $1,339/oz. MoM: -11.1%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,800/oz, flat day-over-day. Previous close: $8,800/oz. MoM: -12.4%.
• Rhodium 5-day trend: ↓ 4 of last 5 sessions.

Platinum and palladium are both **up today**, but the moves are small, so buyers are not chasing hard yet. Rhodium is **flat and still soft**, with prices drifting lower most days, so only sell if you need cash or space. With Brent crude firm above $93, watch for any pickup in auto and industrial demand to give PGMs a bit more support.

Copper — Current Indicators

• COMEX/Spot Copper: $6.55/lb, up +$0.1590 (+2.49%) day-over-day. Previous close: $6.39/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **$6.55/lb**, up about **16 cents** today, and the trend is still firm with prices higher in **3 of the last 5 sessions**. For scrap sellers, that keeps copper in a good selling range, and firmer energy prices can help support the market.

Aluminum — Current Indicators

• LME Aluminum: $3,693/tonne ($1.68/lb), up +$0.0083 (+0.50%) day-over-day. Previous close: $1.67/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Aluminum is trading around **$1.68/lb**, up slightly today and higher in **4 of the last 5 sessions**. With prices firming and energy costs like Brent crude at **$93.63/bbl**, this is a good window for scrap sellers to move clean aluminum while the market has a gentle tailwind.

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.