SMASH Recycling Morning Metals Report – June 25, 2026

Prices as of June 25, 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.

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• Gold — $3,981/oz ▼
• Silver — $57.25/oz ▼
• PGMs — Rh ▼ $7,850 · Pt ▼ $1,580 · Pd ▲ $1,173
• Copper — $6.02/lb ▲
• Aluminum — $1.43/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4234

SMASH Recycling Takeaways for Today

• Gold & Silver — With both down about half a percent, keep payouts tight and move only clean, well-documented lots; buyers are still picky, just like we saw in yesterday’s softer bids.
• PGMs — Palladium is up but rhodium and platinum are sliding, so don’t sit on mixed cats; sort and auction high‑Pd material now, and expect more pushback on rhodium-heavy loads.
• Copper — At about $6.02 and a few cents higher, use today to move No.1 and bare bright, and get bids locked before the next dollar or macro headline hits.
• Aluminum — Up just over 1%, so tighten your spreads on clean extrusion and segregated cans, and use the SMASH inventory tool and photos to prove grade and squeeze a bit more out of buyers.
• Big Picture — Only 3 of 8 metals are green, so expect two-way action, keep reserves flexible, and use competitive auctions instead of taking the first phone quote.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $73.44/bbl, up $0.3200 (+0.44%) day-over-day.

US Dollar Index (DXY): 101.69, up 0.67 (+0.66%) day-over-day.

**Energy is softer, but your real risk today is the U.S. dollar.**

Brent is sitting around **$73–74**, up a touch on the day, but still a few bucks under last week’s levels. That takes a bit of cost pressure off shred, trucking, and processing, but it also hints at softer global demand. Don’t build your plan around oil strength right now.

The **dollar is the hammer.** DXY is pushing above **101** and climbing, and USD/CAD is up near **1.42+**. A stronger greenback usually weighs on export bids and hard assets. You’re seeing that in gold getting hit as real 10-year yields sit above **2%**. Risk mood is cautious, not panicked — 10Y and 2Y yields are edging lower, but the Fed is still restrictive. Net read for yards: don’t expect macro tailwinds to bail out weak scrap; price your cats and non‑ferrous like the dollar stays firm.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $3,981/oz, down $18.72 (-0.47%) day-over-day. Previous close: $4,000/oz.
• 5-day trend: ↓ 4 of last 5 sessions.

**Gold is slipping, and buyers know it.** Gold is at **$3,981/oz**, down about **0.5%** today and red in **4 of the last 5 sessions**.[9][5] With the U.S. dollar firmer and energy softer, expect picky buyers and tighter payouts on gold jewelry, dental, and e-scrap as they price in more downside risk.[6][1]

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $57.25/oz, down $0.3755 (-0.65%) day-over-day. Previous close: $57.63/oz.
• 5-day trend: ↓ 4 of last 5 sessions.
• Gold/Silver ratio: 69.5:1.

**Silver’s slipping, so expect tighter bids.** Silver is around **$57.25/oz**, down about **38 cents** today and lower in **4 of the last 5 sessions** as the stronger U.S. dollar keeps pressure on metals and risk assets.[5][2] With the **gold/silver ratio near 69.5:1** and energy softer (Brent around **$73**), buyers have cover to stay picky, so don’t be shocked if they push payouts down on silver cats, contacts, and jewelry scrap.[5][2]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,580/oz, down $9.00 (-0.57%) day-over-day. Previous close: $1,589/oz. MoM: -19.1%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,173/oz, up +$14.00 (+1.21%) day-over-day. Previous close: $1,159/oz. MoM: -14.3%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $7,850/oz, down $100.00 (-1.26%) day-over-day. Previous close: $7,950/oz. MoM: -15.6%.
• Rhodium 5-day trend: ↓ 2 of last 5 sessions.

**PGMs are choppy, so you need to be smart with your cats.** Platinum and rhodium are drifting lower, while palladium is up today but still stuck in a weak trend. With the dollar firm and energy softer, expect buyers to stay cautious, so shop multiple bids and don’t rush big PGM loads unless you need the cash.

Copper — Current Indicators

• COMEX/Spot Copper: $6.02/lb, up +$0.0355 (+0.59%) day-over-day. Previous close: $5.99/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

Copper is **up to $6.02/lb**, but don’t chase it. The dollar is firmer, energy is softer, and copper has still closed lower in **3 of the last 5 sessions**, so buyers may keep bids tight.

Aluminum — Current Indicators

• LME Aluminum: $3,154/tonne ($1.43/lb), up +$0.0159 (+1.12%) day-over-day. Previous close: $1.41/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is up today, but the market still feels choppy.** Aluminum is around **$1.43/lb**, up about 2 cents on the day, but it’s been down in 3 of the last 5 sessions. With energy softer and the U.S. dollar firmer, expect buyers to stay picky, so clean, well-documented aluminum loads will still move best.

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.