SMASH Recycling Morning Metals Report – June 29, 2026

Prices as of June 29, 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 — $4,035/oz ▼
• Silver — $58.07/oz ▼
• PGMs — Rh ▸ $7,750 · Pt ▼ $1,578 · Pd ▲ $1,190
• Copper — $6.13/lb ▼
• Aluminum — $1.43/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.4186

SMASH Recycling Takeaways for Today

• Gold & Silver — With both sliding again, stop holding clean high‑karat or silver lots waiting for a bounce; move well‑documented material now before bids soften further.
• PGMs — Palladium’s the only one green; prioritize moving cats and mixed PGM lots with strong photo/VIN/serial documentation while palladium holds up, and don’t get greedy on platinum-heavy pieces.
• Copper — Price is basically flat, so keep shipping insulated and #2 on schedule; don’t delay loads expecting a pop that isn’t there.
• Aluminum — After my wrong call on more downside, aluminum is now leaking again; tighten packing lists and move mixed clips and cast sooner rather than waiting for buyers to turn bullish.
• Big Picture — Only 1 of 8 metals is higher today, so treat this as a soft tape and focus on clean, documented loads and steady movement over gambling on a near-term spike.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $73.18/bbl, down $0.3900 (-0.53%) day-over-day.

US Dollar Index (DXY): 101.25, down 0.36 (-0.35%) day-over-day.

**Energy is softer, and that keeps a lid on risk.** Brent is down to **$73.18**, off about **39 cents**, while the **DXY** is weaker at **101.25**. That mix says the market is not running hot, but the dollar is still firm enough to pressure metals pricing.[5]

Yields are easing too. The **10Y is 4.40%** and the **2Y is 4.09%**, with inflation expectations at **2.20%**, so real rates stay positive at about **2.20%**. That keeps a tight grip on gold and silver, and it can keep buyers cautious on fresh scrap risk.[1][5]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,035/oz, down $41.34 (-1.01%) day-over-day. Previous close: $4,077/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is slipping, so don’t get greedy on your ask.** Gold is around **$4,035/oz**, down about **1% today** and lower in **3 of the last 5 sessions**, even with a softer dollar and cheaper energy keeping big risk trades in check. With this kind of slow drift down, scrap sellers and recyclers should expect buyers to stay cautious on high‑karat lots and be ready to move clean, well‑documented material rather than waiting for a quick bounce.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $58.07/oz, down $1.12 (-1.90%) day-over-day. Previous close: $59.19/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 69.5:1.

**Silver’s slipped, but it’s still rich scrap.** Silver is around **$58/oz**, down about **2% today** and off in **3 of the last 5 sessions**, so expect buyers to stay picky on bids. With energy softer and the dollar easing, this looks more like a cool-off than a crash, so if you’ve got clean, documented silver scrap or e-scrap, keep shopping it around instead of dumping it on the first lowball offer.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,578/oz, down $37.00 (-2.29%) day-over-day. Previous close: $1,615/oz. MoM: -17.6%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,190/oz, up +$2.00 (+0.17%) day-over-day. Previous close: $1,188/oz. MoM: -11.1%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $7,750/oz, flat day-over-day. Previous close: $7,750/oz. MoM: -11.9%.
• Rhodium 5-day trend: ↓ 3 of last 5 sessions.

**PGM prices are mixed, so you need to be picky about what you move.** Platinum is sliding again and rhodium’s stuck, both showing weaker trends, so don’t rush big converter loads unless you have to. Palladium is inching higher, but with energy softer and risk capped, treat this as a tight, buyer-selective market where clean, well-documented cats will still get the best attention.

Copper — Current Indicators

• COMEX/Spot Copper: $6.13/lb, down $0.0025 (-0.04%) day-over-day. Previous close: $6.14/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Copper is stuck near $6.13/lb, but the tone is softer.** It is down a hair today, and the 5-day trend shows three weaker sessions, so buyers are not chasing it hard right now.[2] Energy is softer and the dollar is lighter, but that has not been enough to spark a clean move up yet.[2]

Aluminum — Current Indicators

• LME Aluminum: $3,163/tonne ($1.43/lb), down $0.0164 (-1.13%) day-over-day. Previous close: $1.45/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is softer today, and sellers are seeing less lift.** The market is at **$1.43/lb**, down about **2 cents** and off **1.13%**, with **3 of the last 5 sessions** trending lower. Energy is weaker too, with Brent at **$73.18**, so the market is not getting much support right now.

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.