SMASH Recycling Morning Metals Report – June 24, 2026
Prices as of June 24, 2026 at 07:31 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 — $4,013/oz ▼
- Silver — $58.99/oz ▼
- PGMs — Rh ▼ $7,950 · Pt ▼ $1,593 · Pd ▼ $1,172
- Copper — $6.05/lb ▼
- Aluminum — $1.43/lb ▼
- Steel Scrap — $413.00/mt ▸
- Macro Backdrop
- CAD — USD/CAD 1.4200
SMASH Recycling Takeaways for Today
- Gold & Silver — With both down hard, tighten grades and documentation, and be ready to move lots; don’t hold out for “yesterday’s” bids.
- PGMs — Platinum, palladium, rhodium all weaker again; move complete cats and clean PGM-bearing loads now, but avoid fire-selling small, mixed lots.
- Copper — With copper slipping and spreads already at risk of worsening if you delay, ship and auction insulated and #2 now instead of sitting on them.
- Aluminum — Aluminum keeps leaking lower; sort, segregate, and push clean loads through competitive auctions rather than taking quick local yard numbers.
- Big Picture — 0 of 8 metals higher and 7 lower today with steel flat, so expect tighter bids and buyers holding more leverage across the board.
Macro Backdrop — Energy and Risk
Brent Crude Oil: $74.54/bbl, down $2.37 (-3.08%) day-over-day.
US Dollar Index (DXY): 101.67, up 0.82 (+0.81%) day-over-day.
**Energy is easing, but the dollar is loud.**
Brent crude is down over 3%, now around **$74.5**, so fuel is a mild help on yard costs, not a problem today. But the **U.S. dollar is strong** again: DXY near **101.7**, USD/CAD at **1.42**, and both **2Y and 10Y yields are grinding higher** above 4%.
Stronger dollar and higher yields mean more pressure on risk assets and export buyers. Net effect for you: energy is not the issue right now — currency and financing costs are. Expect choppy trade, not big risk-on moves.
Gold — Safe-Haven Indicator
- Spot Gold (XAU): $4,013/oz, down $97.53 (-2.37%) day-over-day. Previous close: $4,111/oz.
- 5-day trend: ↓ 4 of last 5 sessions.
**Gold just took a big hit, so expect buyers to tighten up on payouts.** Gold is around $4,013/oz and down about 2.4% today, after dropping in 4 of the last 5 sessions, with the strong U.S. dollar putting pressure on prices even as cheaper fuel takes a bit of cost stress off your yard. For you, that means buyers stay picky on dental, e-scrap, and low-grade lots, so move mixed or questionable material for cash flow, but be ready to hold clean, high-karat pieces if bids feel too thin.
Silver — Industrial & Precious Hybrid
- Spot Silver (XAG): $58.99/oz, down $2.53 (-4.11%) day-over-day. Previous close: $61.52/oz.
- 5-day trend: ↓ 4 of last 5 sessions.
- Gold/Silver ratio: 68.0:1.
**Silver is softer today, and the dollar is doing the talking.** At **$58.99/oz**, silver is down **4.11%**, and the **4-of-5 session** slide says buyers still have the upper hand. For scrap sellers and recyclers, that means price discovery is weaker right now, so move clean silver lots with clear docs and don’t sit on mixed material too long.
Precious Metals (PGM) — Screen Indicators
- Platinum (Pt): $1,593/oz, down $62.00 (-3.75%) day-over-day. Previous close: $1,655/oz. MoM: -17.0%.
- Platinum 5-day trend: ↓ 4 of last 5 sessions.
- Palladium (Pd): $1,172/oz, down $45.00 (-3.70%) day-over-day. Previous close: $1,217/oz. MoM: -12.1%.
- Palladium 5-day trend: ↓ 4 of last 5 sessions.
- Rhodium (Rh): $7,950/oz, down $50.00 (-0.62%) day-over-day. Previous close: $8,000/oz. MoM: -17.6%.
- Rhodium 5-day trend: ↓ 1 of last 5 sessions.
**PGM prices are sliding again, so this is a buyer’s market, not a seller’s party.** Platinum is down to about $1,600, palladium is near $1,170, and rhodium is slipping under $8,000, with platinum and palladium red in 4 of the last 5 sessions. With energy costs easing a bit and the dollar running hot, expect tighter bids on cats and PGM-rich scrap, so you should shop multiple buyers and be picky before you move big loads.
Copper — Current Indicators
- COMEX/Spot Copper: $6.05/lb, down $0.0750 (-1.22%) day-over-day. Previous close: $6.13/lb.
- 5-day trend: ↓ 3 of last 5 sessions.
**Copper is softer today at $6.05/lb, down about 8 cents.** The dollar is strong, and that is keeping pressure on bids even as energy costs ease a bit. The 5-day trend is also weak, so sellers may want to move clean copper now instead of waiting.
Aluminum — Current Indicators
- LME Aluminum: $3,162/tonne ($1.43/lb), down $0.0436 (-2.95%) day-over-day. Previous close: $1.48/lb.
- 5-day trend: ↓ 4 of last 5 sessions.
**Aluminum is soft again, and buyers have the upper hand today.** Spot aluminum is **$1.43/lb**, down about **4 cents** and nearly **3%**, with **4 of the last 5 sessions lower**. The strong dollar is still weighing on scrap, while cheaper fuel only gives yard costs a small break.
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.
