SMASH Recycling Morning Metals Report – June 12, 2026

Prices as of June 12, 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 — $4,201/oz ▼
• Silver — $66.62/oz ▼
• PGMs — Rh ▸ $8,000 · Pt ▼ $1,700 · Pd ▲ $1,283
• Copper — $6.39/lb ▼
• Aluminum — $1.60/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3993

SMASH Recycling Takeaways for Today

• Gold & Silver — Both are red again, so only move clean, high-grade pieces you’ve already decided to dump and hold back bulk jewelry and coins unless you need cash.
• PGMs — Platinum is down but palladium is up and rhodium is flat, so sort your cats by load mix and only move palladium‑heavy and mixed cats where buyers are still bidding tight.
• Copper — Price is basically flat and still above $6.30, so keep shipping #1 and #2 you’ve already staged, but don’t chase extra tonnage or discount borderline material to “catch” this move.
• Aluminum — Up a hair and still in the lift we flagged yesterday, so keep pushing clean extrusion, sheet, and cast you’ve already processed while this bump holds instead of waiting for a hero number.
• Big Picture — With just 2 of 8 metals higher and 4 lower, treat today as a selective selling day: move staged, clean, in-demand material and avoid panic-clearing slow or dirty inventory into a soft tape.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $87.76/bbl, down $0.8400 (-0.95%) day-over-day.

US Dollar Index (DXY): 99.81, down 0.24 (-0.24%) day-over-day.

**Energy is easing, but the world still feels jumpy.**

Brent is around **$88**, off about a buck, so fuel costs are a touch lighter today. That helps shred and peddler flows a bit on diesel, but it does not change the bigger energy story yet. The dollar index is just under **100** and slightly softer, while USD/CAD near **1.40** still keeps Canadian yards feeling the FX squeeze on US‑denom deals.

On the risk side, the **10‑year at 4.55%** with real yields over **2%** keeps pressure on gold and silver even as traders try to defend key levels. Rate markets say cuts are still slow and shallow, but inflation expectations are edging down. Geopolitics stay loud in the background with fresh U.S.–Iran tension around oil supply, so any shock there can flip the tape fast. For scrap, call it this: energy relief at the margin, but no real risk premium coming out of the system yet.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,201/oz, down $29.95 (-0.71%) day-over-day. Previous close: $4,231/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold’s taking a breather, not a crash.** Spot gold is around **$4,201/oz**, down about **0.7% today** and red in **4 of the last 5 sessions**. With the dollar a bit softer and Brent near **$88**, energy pressure is easing, so this pullback looks like normal cooling after a big run, not a panic — if you’re sitting on cats, boards, or jewelry, it’s a reminder to watch your assay sheets and not rush loads out on a down day unless you need the cash.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $66.62/oz, down $1.22 (-1.80%) day-over-day. Previous close: $67.84/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 63.1:1.

**Silver’s soft today, but it’s still worth real money in your shred.** Silver is around **$66.62/oz**, down about **1.8%** today and red in **3 of the last 5 sessions**, so prices are drifting, not ripping. The **gold/silver ratio near 63:1** says silver’s cheaper versus gold, so you don’t need to rush, but you should still tag, weigh, and separate your silver-bearing material so you’re ready to move if bids pop.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,700/oz, down $27.00 (-1.56%) day-over-day. Previous close: $1,727/oz. MoM: -20.6%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,283/oz, up +$14.00 (+1.10%) day-over-day. Previous close: $1,269/oz. MoM: -13.7%.
• 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: ↓ 1 of last 5 sessions.

**PGM prices are choppy, so you need to be picky about what you move.** Platinum is slipping again, down about 1.5% and red in 4 of the last 5 sessions, so don’t rush clean cats unless you need cash. Palladium has a little bounce, up just over 1% and green in 3 of 5, while rhodium is flat, so treat this as a sorting and inventory day, not an all‑out PGM dump.

Copper — Current Indicators

• COMEX/Spot Copper: $6.39/lb, down $0.0065 (-0.10%) day-over-day. Previous close: $6.39/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is still rich, even on a red day.** Copper is around **$6.39/lb**, down less than a cent, so today’s dip is tiny, not a crash. The market has been **up in 3 of the last 5 sessions**, and with Brent near **$88** and easing a bit, your fuel costs look a touch better if you’re moving cats, wire, or copper loads this week.

Aluminum — Current Indicators

• LME Aluminum: $3,525/tonne ($1.60/lb), up +$0.0030 (+0.19%) day-over-day. Previous close: $1.60/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is holding around $1.60/lb today, but the pop is tiny — less than a cent.** Price is up about 0.19% on the day, but it has slipped in 3 of the last 5 sessions, so don’t chase it. With Brent near $88 and energy costs easing a bit, this feels more like a sideways market than a breakout, so price-check your yards and move reasonable tons, not panic 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.