SMASH Recycling Morning Metals Report – June 23, 2026
Prices as of June 23, 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.
All tracked metals are lower today.
Jump to:
- Gold — $4,115/oz ▼
- Silver — $61.82/oz ▼
- PGMs — Rh ▸ $8,000 · Pt ▼ $1,632 · Pd ▼ $1,213
- Copper — $6.16/lb ▼
- Aluminum — $1.48/lb ▼
- Steel Scrap — $413.00/mt ▸
- Macro Backdrop
- CAD — USD/CAD 1.4162
SMASH Recycling Takeaways for Today
- Gold & Silver — Both are down hard; don’t panic sell, but if you’re heavy on clean bullion/coins, move only what you must for cash flow and tighten your buy prices on new intake.
- PGMs — Platinum and palladium slid again while rhodium sits flat; push complete, well-documented cats with strong photos, but avoid over-stocking loose cores until bids improve.
- Copper — Nearly 20 cents off the highs; if you followed the earlier “sell into strength” note you’re in good shape, now focus on processing and stockpiling #1 bare bright and clean chops for the next pop.
- Aluminum — Drop lines up with the drift we flagged; keep clean segregated aluminum off the scale where you can, and crack down on contamination so you’re ready to move fast when bids bounce.
- Big Picture — 0 of 8 metals higher, 6 lower and 2 flat means you’re in a weak tape today, so stay picky on what you ship and use auctions to force real price discovery instead of taking the first phone quote.
Macro Backdrop — Energy and Risk
Brent Crude Oil: $77.41/bbl, down $0.9200 (-1.17%) day-over-day.
US Dollar Index (DXY): 101.29, up 1.20 (+1.20%) day-over-day.
**Energy is getting cheaper, but money is getting more expensive.**
Brent is around **$77**, down about 1%. That takes a bit of pressure off diesel and yard fuel, but it also hints at softer global demand. Cheaper oil can help shred and trucking margins, but it often rides with weaker industrial activity.
The **U.S. dollar is ripping higher**. DXY is up about 1.2%, and USD/CAD is near **1.42**. A strong dollar and real 10-year yields above 2% keep risk assets in check and weigh on gold and silver. For you, that means: export tons face FX headwinds, and risk appetite stays low. Keep that in mind when you’re deciding how aggressive to be on non‑ferrous and PM-bearing scrap.
Gold — Safe-Haven Indicator
- Spot Gold (XAU): $4,115/oz, down $71.34 (-1.70%) day-over-day. Previous close: $4,186/oz.
- 5-day trend: ↓ 4 of last 5 sessions.
**Gold is slipping, but it’s still rich metal if you handle it right.** Gold is around **$4,115/oz**, down about **1.7%** today and red in **4 of the last 5 sessions**, as a stronger dollar and weaker energy prices take some steam out of safe-haven trades. With this kind of drift, you don’t need to panic-sell, but you should keep clean, well-documented gold scrap ready — if buyers step up on your good lots, you can move without guessing.
Silver — Industrial & Precious Hybrid
- Spot Silver (XAG): $61.82/oz, down $3.12 (-4.81%) day-over-day. Previous close: $64.94/oz.
- 5-day trend: ↓ 4 of last 5 sessions.
- Gold/Silver ratio: 66.6:1.
**Silver’s hot run is cooling off, fast.** Silver is around **$61.82/oz**, down almost **5% today** and red in **4 of the last 5 sessions**. With the dollar getting stronger and energy cheaper, buyers are getting pickier, so expect tighter bids on silver scrap and be ready with clean, well-documented material when you go to market.
Precious Metals (PGM) — Screen Indicators
- Platinum (Pt): $1,632/oz, down $41.00 (-2.45%) day-over-day. Previous close: $1,673/oz. MoM: -15.0%.
- Platinum 5-day trend: ↓ 4 of last 5 sessions.
- Palladium (Pd): $1,213/oz, down $37.00 (-2.96%) day-over-day. Previous close: $1,250/oz. MoM: -9.1%.
- Palladium 5-day trend: ↓ 4 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 softer, and that hits scrap sellers fast.** Platinum is down to **$1,632/oz** and palladium is at **$1,213/oz**, both lower on the day and down in 4 of the last 5 sessions. Rhodium is flat at **$8,000/oz**, but the weak price action and a firmer dollar still point to a tougher market for cat and PGM lots.
Copper — Current Indicators
- COMEX/Spot Copper: $6.16/lb, down $0.1985 (-3.12%) day-over-day. Previous close: $6.35/lb.
- 5-day trend: ↓ 3 of last 5 sessions.
**Copper is soft today, and sellers are seeing less lift on the scale.** Copper sits at **$6.16/lb**, down about **20 cents** and off **3.12%**, with prices lower in **3 of the last 5 sessions**. The strong dollar is a drag, and cheaper energy is not enough to stop the slide.
Aluminum — Current Indicators
- LME Aluminum: $3,268/tonne ($1.48/lb), down $0.0429 (-2.81%) day-over-day. Previous close: $1.53/lb.
- 5-day trend: ↓ 3 of last 5 sessions.
**Aluminum is softer again, and the tape says sellers do not have much push right now.** It’s at **$1.48/lb**, down about **4 cents** and **2.81%** on the day, with **3 of the last 5 sessions lower**. Cheaper energy can help the scrap side, but a firmer dollar is putting pressure on price discovery.
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.
