SMASH Recycling Morning Metals Report – June 22, 2026

Prices as of June 22, 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 — $4,204/oz ▲
• Silver — $66.34/oz ▲
• PGMs — Rh ▸ $8,000 · Pt ▲ $1,676 · Pd ▲ $1,253
• Copper — $6.37/lb ▲
• Aluminum — $1.54/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4171

SMASH Recycling Takeaways for Today

• Gold & Silver — Use the pop to move clean jewelry, bullion, and silverware you’ve been sitting on; run a same-day mini auction instead of taking the first bid.
• PGMs — With all PGMs up and rhodium flat, don’t drip cats; build full, well-documented loads and auction the batch to maximize buyer interest.
• Copper — At $6.37 and drifting, keep moving #1, #2, and chops regularly; don’t hold inventory waiting on a big breakout that hasn’t shown up.
• Aluminum — Price is up but barely, so treat this as a steady cash-flow metal; keep shipping tight, well-sorted alu and use SMASH auctions to make buyers compete on each load.
• Big Picture — Six of eight metals are higher, so lean into competitive auctions now and avoid single-buyer phone deals while the screen is green.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $78.74/bbl, down $1.85 (-2.30%) day-over-day.

US Dollar Index (DXY): 100.86, up 1.32 (+1.33%) day-over-day.

**Energy is soft, but the dollar is doing the heavy lifting on risk.**

Brent is back under **$80**, down about **2.3%** on the day. Cheaper oil helps yard diesel bills, but it also hints at softer global demand, which can cap upside for industrial metals.

The **U.S. dollar is flexing** again. DXY is up over **1%**, and **USD/CAD** is pushing above **1.41**, making U.S.-priced scrap feel richer to offshore buyers and Canadian yards. Yields are still high with the **10Y near 4.5%** and **real yields over 2%**, so money is not cheap. That mix — strong dollar, high yields, softening energy — keeps risk trades cautious and argues for grinding moves in scrap, not big breakouts.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,204/oz, up +$43.31 (+1.04%) day-over-day. Previous close: $4,161/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still rich, even after last week’s pullback.** Spot gold is around **$4,204/oz**, up about **1%** today, but it’s dropped in **3 of the last 5 sessions**, as the stronger US dollar leans on metal prices. With Brent crude under **$80** and energy soft, this move looks like a dollar story, not a panic bid, so if you’re sitting on gold cats, jewelry, or recovery lots, you’re still selling into a strong market, just not at last week’s peak.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $66.34/oz, up +$1.48 (+2.27%) day-over-day. Previous close: $64.87/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 63.4:1.

**Silver’s up today, but the tape is still choppy.** Silver is around **$66.34/oz**, up about **2.3%** on the day, even though it’s been red in **3 of the last 5 sessions** and the strong U.S. dollar is still a headwind for metals.[1] The **gold/silver ratio near 63:1** says silver is holding its own versus gold, so if you’ve got clean silver scrap or byproduct, this bounce is a decent spot to shop it around and test buyer interest, not a level you assume will stick.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,676/oz, up +$12.00 (+0.72%) day-over-day. Previous close: $1,664/oz. MoM: -12.7%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,253/oz, up +$13.00 (+1.05%) day-over-day. Previous close: $1,240/oz. MoM: -6.1%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -17.1%.
• Rhodium 5-day trend: → flat over last 5 sessions.

**PGM prices are trying to bounce, but it still feels like a fragile market for scrap sellers.** Platinum and palladium are both up today, but they’ve dropped hard over the last month, and the strong dollar plus softer energy keeps a lid on big upside moves.[2] Rhodium is flat and going nowhere, so don’t expect the rhodium in your cats to bail out weak bids right now.[2]

Copper — Current Indicators

• COMEX/Spot Copper: $6.37/lb, up +$0.0370 (+0.58%) day-over-day. Previous close: $6.34/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still rich, but today’s move is a slow grind, not a rocket.** Copper is around **$6.37/lb**, up about **4 cents** on the day, with gains in **3 of the last 5** sessions. Energy is soft and the strong dollar is doing most of the work in markets, so don’t expect the currency backdrop to give copper a big extra push right now.

Aluminum — Current Indicators

• LME Aluminum: $3,405/tonne ($1.54/lb), up +$0.0020 (+0.13%) day-over-day. Previous close: $1.54/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

**Aluminum is holding at $1.54/lb, up just a hair, and the bigger picture is still mixed.** The dollar is stronger and Brent is softer, so this move looks more like steady price support than a real breakout. The 5-day trend is still up in 4 of 5 sessions, so sellers should watch for strength, but do not chase it.[6][4]

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.