SMASH Recycling Morning Metals Report – June 10, 2026

Prices as of June 10, 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 — $4,135/oz ▼
• Silver — $63.51/oz ▼
• PGMs — Rh ▸ $8,000 · Pt ▼ $1,651 · Pd ▼ $1,202
• Copper — $6.24/lb ▼
• Aluminum — $1.58/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3947

SMASH Recycling Takeaways for Today

• Gold & Silver — Move clean gold and silver now if you need cash. Both are down hard, and silver is taking a bigger hit, so don’t sit on soft paper and expect a bounce by lunch.
• PGMs — Treat platinum and palladium like weak cats today. If you have PGM-heavy loads, get them priced fast and avoid holding for a better tape unless your buyer list is deep.
• Copper — Push clean copper into the market while the bid is still decent. The spot is off about 11 cents, so separate #1, #2, and mixed now and don’t let dirty material ride with the good stuff.
• Aluminum — Clear clean, sorted aluminum loads before this slide gets worse. Keep painted, dirty, and mixed out of the same sale if you want better price discovery.
• Big Picture — 0 of 8 metals higher today, 6 lower, 2 flat, so the market is leaning soft and sellers should favor fast turns over waiting.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.80/bbl, up $0.5200 (+0.56%) day-over-day.

US Dollar Index (DXY): 99.98, down 0.09 (-0.09%) day-over-day.

**Energy is staying firm. Money is not cheap. Risk is still on the table.**

Brent is holding near **$93** and has been grinding higher, so fuel and freight are not giving you any relief yet. A softer DXY around **100** helps importers a bit, but the broad dollar is still firm, so global buyers are still price-sensitive and watching every tick.

On the rates side, the **10Y near 4.6%** and real yields above **2%** keep pressure on gold and other “safe” assets, not on steel and copper. The **2Y** slipped a touch, but funding is still expensive enough to keep stress on over-levered yards and mills. Inflation expectations are stable, but consumer sentiment is weak, so don’t count on the end user to bail out demand. For scrap, this backdrop favors disciplined buying, tight turns, and getting paid for every risk you take.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,135/oz, down $105.53 (-2.49%) day-over-day. Previous close: $4,241/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold took a hit, but it’s still rich compared to history.** Gold is around **$4,135/oz**, down about **2.5% today** and red in **4 of the last 5 sessions**. With the dollar still firm and energy holding up, this pullback can squeeze offers from some buyers, so make sure you’re checking live prices and pushing for tight spreads when you move gold cats, jewelry, and other high-grade scrap.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.51/oz, down $1.42 (-2.18%) day-over-day. Previous close: $64.93/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 65.1:1.

**Silver’s taking a breather, not falling off a cliff.** Silver is around **$63.51/oz**, down about **2% today**, and it’s slipped in **3 of the last 5 sessions**, even while energy like Brent crude holds firm and the US dollar has softened a bit.[6][2] The **gold/silver ratio near 65:1** still shows silver tracking gold, so for scrap sellers this is more of a normal pullback in a volatile metal than a trend change—keep moving material, but don’t be shocked if quotes swing around.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,651/oz, down $65.00 (-3.79%) day-over-day. Previous close: $1,716/oz. MoM: -22.9%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,202/oz, down $9.00 (-0.74%) day-over-day. Previous close: $1,211/oz. MoM: -19.9%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -19.8%.
• Rhodium 5-day trend: ↓ 3 of last 5 sessions.

**PGM prices are soft, so you need to be picky about when and how you sell.** Platinum and palladium are both sliding this week, while rhodium is flat but coming off recent pressure. With energy staying firm and the dollar a bit weaker, buyers still have room, so use auctions and real bid competition instead of dumping cats to your usual guy at a guess.

Copper — Current Indicators

• COMEX/Spot Copper: $6.24/lb, down $0.1055 (-1.66%) day-over-day. Previous close: $6.34/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still rich, even on a down day.** Copper is around **$6.24/lb**, down about **11 cents** today, but it’s still sitting at very strong levels for scrap sellers. Energy is firm and copper has been up in 3 of the last 5 sessions, so you’re still working in a high-price market even with today’s slip.

Aluminum — Current Indicators

• LME Aluminum: $3,487/tonne ($1.58/lb), down $0.0176 (-1.10%) day-over-day. Previous close: $1.60/lb.
• 5-day trend: ↓ 5 of last 5 sessions.

**Aluminum is slipping, and buyers know it.** Aluminum is around **$1.58/lb**, down about **2 cents** and red 5 days in a row.[7] Energy is staying firm and Brent is near **$92.80/bbl**, but aluminum hasn’t followed, so don’t expect buyers to chase your light loads right now.

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.