SMASH Recycling Morning Metals Report – June 11, 2026

Prices as of June 11, 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 — $4,065/oz ▲
• Silver — $63.03/oz ▼
• PGMs — Rh ▸ $8,000 · Pt ▼ $1,646 · Pd ▲ $1,217
• Copper — $6.24/lb ▲
• Aluminum — $1.58/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3930

SMASH Recycling Takeaways for Today

• Gold & Silver — Gold is barely up, but silver is still soft. Hold cleaner silver lots if you can, and move mixed or low-grade material first.
• PGMs — Palladium is higher, platinum is lower, and rhodium is flat. Sell palladium-heavy and platinum-heavy cats while buyers are paying attention, but keep rhodium-bearing loads tight and documented.
• Copper — Copper moved up again. Push clean #1, bus bar, and sorted tubing now, and do not sit on dirty copper if you need cash flow.
• Aluminum — Aluminum is green, but only by a small step. Ship clean extrusion, sheet, and cast, and keep contaminated or mixed aluminum off the truck.
• Big Picture — 3 of 8 metals higher, 2 lower, and 3 flat, so this is a narrow strength day; sell the clean stuff, sort hard, and do not chase weak material.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.33/bbl, down $2.71 (-2.85%) day-over-day.

US Dollar Index (DXY): 100.10, up 0.05 (+0.05%) day-over-day.

**Oil finally blinked. Brent slid to about $92, down almost 3% after a strong run.**

Energy is still pricey, but this pullback takes a bit of heat off freight, shred costs, and yard diesel. Tension in the Middle East is still in the background, so oil risk isn’t gone, just cooling for now.

The **U.S. dollar is firm**, with DXY around 100 and USD/CAD near 1.39. That helps U.S. exporters but leans on dollar metal prices and hurts import buyers paying in CAD. Yields are easing a touch, but real 10-year rates are still over 2%, which keeps a lid on gold and adds a risk-off tone across metals.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,065/oz, up +$2.20 (+0.05%) day-over-day. Previous close: $4,062/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold is holding near $4,065/oz, barely up today after sliding in 4 of the last 5 sessions.** For you, that means sellers still get strong dollars for clean gold, but the easy upside has cooled off for now. With oil finally easing and the dollar firm, buyers are pickier, so good photos, clear karat tags, and tight weights matter more than ever.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $63.03/oz, down $0.2060 (-0.33%) day-over-day. Previous close: $63.23/oz.
• 5-day trend: ↓ 4 of last 5 sessions.
• Gold/Silver ratio: 64.5:1.

**Silver’s taken a breather, but it’s still rich scrap.** Silver is around **$63/oz**, down about **21 cents** today and lower in **4 of the last 5 sessions**, with the **gold/silver ratio near 64.5:1**, so silver is still running strong versus gold even as the dollar firms and oil cools off. For you, this is a “watch, don’t panic” tape — prices are off the highs but still very healthy, so keep cats and non‑ferrous moving, and let real competition on each load show you what the market will actually pay.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,646/oz, down $11.00 (-0.66%) day-over-day. Previous close: $1,657/oz. MoM: -22.5%.
• Platinum 5-day trend: ↓ 5 of last 5 sessions.
• Palladium (Pd): $1,217/oz, up +$13.00 (+1.08%) day-over-day. Previous close: $1,204/oz. MoM: -17.4%.
• 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: ↓ 2 of last 5 sessions.

**PGM prices are giving you mixed signals today.** Platinum is soft and grinding lower, so cat quotes tied heavy to Pt will feel some pressure. Palladium is trying to bounce, rhodium is flat but still rich, and with oil finally blinking and the dollar firm, this feels more like a slow grind market than a panic spike one, so stay picky on what you sell and what you hold.

Copper — Current Indicators

• COMEX/Spot Copper: $6.24/lb, up +$0.0500 (+0.81%) day-over-day. Previous close: $6.19/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still strong, and it’s creeping higher again.** Copper is around **$6.24/lb**, up about **5 cents** today and green in **3 of the last 5 sessions**. With oil finally cooling off and the dollar firm, this move looks like steady buying, not panic — so if your scale price hasn’t budged yet, now’s the time to ask why.

Aluminum — Current Indicators

• LME Aluminum: $3,494/tonne ($1.58/lb), up +$0.0083 (+0.53%) day-over-day. Previous close: $1.58/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Aluminum is up, but the tape still looks tired.** Aluminum is around **$1.58/lb**, up less than a cent today, but it has dropped in 4 of the last 5 sessions. With oil finally easing at about **$92/bbl** and the dollar firm, buyers still have the upper hand, so stay picky on what aluminum you ship and when.

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.