SMASH Recycling Morning Metals Report – June 15, 2026

Prices as of June 15, 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 — $4,332/oz ▲
• Silver — $70.69/oz ▲
• PGMs — Rh ▸ $8,000 · Pt ▲ $1,788 · Pd ▲ $1,329
• Copper — $6.49/lb ▲
• Aluminum — $1.55/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3977

SMASH Recycling Takeaways for Today

• Gold & Silver — With both ripping higher, move clean gold and silver scrap today, but tighten your spread and push for top bids.
• PGMs — Platinum and palladium are strong and rhodium is flat, so prioritize selling PGM cats with higher Pt/Pd loadings while holding rhodium‑heavy material if you can.
• Copper — At $6.49 and still grinding up, use this strength to move #1 wire, tubing, and bus bar; keep mixed and borderline grades stacked for a better day.
• Aluminum — With a ~6 cent drop, avoid dumping clean extrusion and sheet just to move tons; ship only if you need space or cash.
• Big Picture — 5 of 8 metals are up, so lean toward selling strength into this broad green tape instead of waiting for a “perfect” top.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $82.98/bbl, down $3.73 (-4.30%) day-over-day.

US Dollar Index (DXY): 99.55, down 0.40 (-0.40%) day-over-day.

**Energy just took a hard hit, and that leans bearish for freight and scrap flow.** Brent is down to $82.98 a barrel, off $3.73 on the day, while the U.S. dollar slipped a bit and USD/CAD sits at 1.3977. Lower oil can cool transport costs, but it also points to weaker risk appetite in the tape.[1]

The bond market is still sending mixed signals. The 10-year yield is at 4.45% and the 2-year at 4.05%, while inflation expectations are still above 2% and the real 10-year yield is positive at 2.14%. That keeps the pressure on growth-sensitive metals, but it does not kill the bid if buyers step in on tight supply or fresh export demand.[1]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,332/oz, up +$113.60 (+2.69%) day-over-day. Previous close: $4,219/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is hot again, but the tape is still messy.** Gold is up to **$4,332/oz**, and that keeps scrap gold looks firm for sellers. But it has dropped in **3 of the last 5 sessions**, so do not chase one green print; watch the trend and compare offers.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $70.69/oz, up +$2.65 (+3.89%) day-over-day. Previous close: $68.04/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 61.3:1.

**Silver just punched higher again — if you’ve got silver in the pile, buyers are paying attention.** Silver is around **$70.69/oz**, up almost **4% on the day**, and it’s logged gains in **3 of the last 5 sessions**.[3] With gold still strong and the dollar easing, silver’s riding that tailwind, so tighten up your silver-bearing loads and expect more questions from buyers about purity, photos, and weights.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,788/oz, up +$72.00 (+4.20%) day-over-day. Previous close: $1,716/oz. MoM: -9.7%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,329/oz, up +$61.00 (+4.81%) day-over-day. Previous close: $1,268/oz. MoM: -4.7%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -19.4%.
• Rhodium 5-day trend: → flat over last 5 sessions.

**PGMs caught a bounce today, but this is still a choppy market for cats.** Platinum and palladium are both up around 4–5%, which helps converter quotes, but platinum’s been down in 3 of the last 5 sessions, so don’t assume this jump will stick. Rhodium is flat at $8,000, so high-rhod cats haven’t really moved, and with energy rolling over, expect softer freight and slower inbound scrap even as you shop bids.

Copper — Current Indicators

• COMEX/Spot Copper: $6.49/lb, up +$0.0145 (+0.22%) day-over-day. Previous close: $6.47/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

**Copper’s still holding strong, but don’t let today’s tiny move fool you.** Copper is around **$6.49/lb**, up about a cent today, and it’s posted gains in **4 of the last 5 sessions**, so the trend is still your friend. With freight and overall scrap flow leaning softer as energy drops, clean, ready-to-move copper looks good here if your yard needs cash and space, but you don’t need to panic-dump loads either.

Aluminum — Current Indicators

• LME Aluminum: $3,421/tonne ($1.55/lb), down $0.0553 (-3.44%) day-over-day. Previous close: $1.61/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum’s soft today, so don’t chase every load like it’s gold.** Aluminum is around **$1.55/lb**, down about **6 cents** and red in **3 of the last 5 sessions**, so buyers will point to that slide when they bid. With energy and freight under pressure and Brent at **$82.98**, expect picky offers on mixed or dirty grades and put your focus on clean, well-sorted aluminum that still gets attention when the market’s drifting.

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.