SMASH Recycling Morning Metals Report – June 26, 2026

Prices as of June 26, 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 — $4,046/oz ▲
• Silver — $58.22/oz ▲
• PGMs — Rh ▼ $7,750 · Pt ▲ $1,616 · Pd ▲ $1,189
• Copper — $6.12/lb ▲
• Aluminum — $1.44/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4204

SMASH Recycling Takeaways for Today

• Gold & Silver — Use the uptick to clear clean karat, dental, and silver-bearing e-scrap, but still push buyers on spreads.
• PGMs — With platinum and palladium up and rhodium off, move mixed cats now, but consider holding high-rhodium loads if bids feel light.
• Copper — Lock in #1/2 bare bright and chops on current strength; hold marginal low-grade wire unless buyers pay closer to sheet spreads.
• Aluminum — Market’s basically flat, so move clean extrusion and sheet for cash flow, but don’t cave on dirty cast and mixed clips.
• Big Picture — Five of eight metals are higher, so lean into selling prime, documented non-ferrous and cats while keeping leverage on mixed, riskier loads.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $73.16/bbl, down $1.82 (-2.43%) day-over-day.

US Dollar Index (DXY): 101.22, up 0.20 (+0.20%) day-over-day.

**Energy is easing, but the dollar still has teeth.**

Brent is back near the low‑$70s, off about 2.5% on the day and down from last week’s mid‑$70s. Cheaper oil takes a bit of pressure off cutters and freight, but it also hints at softer growth. WTI is sliding too, so don’t count on fuel as a tailwind, just a little less headwind.

The dollar is firm, with DXY just over 101 and USD/CAD still up around 1.42. That keeps U.S. export cats and shred less attractive while giving U.S. yards a small edge on import-priced steel and non‑ferrous. The 10‑year is back to 4.4% while the Fed rate holds near 3.6%, so money stays tight and buyers stay picky on risk, especially gold, silver, and anything that needs cheap credit to move.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,046/oz, up +$18.11 (+0.45%) day-over-day. Previous close: $4,028/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold is still climbing, so buyers aren’t desperate, but they’re paying attention.** Gold is around **$4,046/oz**, up about half a percent today and higher in 3 of the last 5 sessions, so expect tight spreads on cats, karat, and e‑scrap as buyers stay selective in a strong dollar environment. With energy easing and Brent at **$73.16/bbl**, gold looks firm but not wild, so you’ll need clean, well‑documented material to get the better bids.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.22/oz, up +$0.5175 (+0.90%) day-over-day. Previous close: $57.70/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 69.5:1.

**Silver is firm today, but buyers still have the upper hand.** Silver is around **$58.22/oz**, up about **52 cents** on the day, with 3 of the last 5 sessions closing higher.[6][10] The gold/silver ratio near **69.5:1** says silver is still cheap versus gold, but with the dollar strong and energy easing, expect buyers to stay picky on silver-bearing scrap and e-scrap, especially lower-grade material.[1][2][9]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,616/oz, up +$21.00 (+1.32%) day-over-day. Previous close: $1,595/oz. MoM: -16.2%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,189/oz, up +$25.00 (+2.15%) day-over-day. Previous close: $1,164/oz. MoM: -13.2%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $7,750/oz, down $100.00 (-1.27%) day-over-day. Previous close: $7,850/oz. MoM: -14.4%.
• Rhodium 5-day trend: ↓ 3 of last 5 sessions.

**PGM prices are mixed, but the tone is firmer for platinum and palladium.** Platinum is up to **$1,616/oz** and palladium is at **$1,189/oz**, while rhodium slipped to **$7,750/oz**. Energy is easing, but the dollar still has teeth, so scrap sellers should shop loads and not assume every catalyst basket will move the same way.

Copper — Current Indicators

• COMEX/Spot Copper: $6.12/lb, up +$0.0575 (+0.95%) day-over-day. Previous close: $6.06/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is firm at $6.12/lb, up about 6 cents today, and that keeps sellers in a better spot.** The 3-of-5 day trend is still pointed up, but a strong dollar and softer energy can keep buyers picky on lower grades and mixed copper loads.

Aluminum — Current Indicators

• LME Aluminum: $3,172/tonne ($1.44/lb), down $0.0006 (-0.04%) day-over-day. Previous close: $1.44/lb.
• 5-day trend: ↓ 4 of last 5 sessions.

**Aluminum just slipped, but it’s more of a stumble than a crash.** LME aluminum is around **$1.44/lb**, down a hair today and lower in 4 of the last 5 sessions, as softer energy (Brent near **$73/bbl**) and a firm dollar take some steam out of the trade.[5][10] With this slow drift down, expect buyers to stay picky on marginal grades and be ready to sharpen your numbers or hold back if bids don’t match your yard targets.

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.