SMASH Recycling Morning Metals Report – June 3, 2026

Prices as of June 03, 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 — $4,459/oz ▼
• Silver — $74.17/oz ▼
• PGMs — Rh ▼ $8,400 · Pt ▼ $1,912 · Pd ▼ $1,329
• Copper — $6.60/lb ▼
• Aluminum — $1.69/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3834

SMASH Recycling Takeaways for Today

• Gold & Silver — Both are down, so only move cash-urgent jewelry and coins today and hold back clean, sorted lots if you can wait for a better board.
• PGMs — With platinum, palladium, and rhodium all softer again, keep most converter and PGM loads off the scale and sell only older or space-hungry material.
• Copper — After a strong run and a small dip today, use any local yard strength to move #2, motors, and mixed wire while keeping #1 bright and heavy copper ready in case we get another pop.
• Aluminum — Price slipped about 2 cents after proving my last “drift lower” call wrong, so stay flexible: move dirty and mixed aluminum now, but be patient on clean extrusion and segregated grades if you don’t need cash.
• Big Picture — Broadly bearish tape with 0 of 8 metals higher, 7 lower, and steel flat, so prioritize dumping problem grades and non-core scrap while you sit tight on your best quality material.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $98.29/bbl, up $2.17 (+2.26%) day-over-day.

US Dollar Index (DXY): 99.37, up 0.46 (+0.47%) day-over-day.

Oil is waking up again. Brent is back near **$98** and up over **2%** this morning, with traders talking about new **geopolitical risks** and warnings that the oil market may still be **underpricing** supply shocks.[8][5][2] Hotter crude keeps **fuel and freight costs** firm for yards and haulers, and it also tends to **support steel and aluminum** prices when it sticks. The **US dollar index** is a bit stronger, and USD/CAD is up around **1.38**, which slightly **pressures commodity prices** in local terms and can shave export margins for North American sellers.[2][5]

On the risk side, **bond yields** are still elevated with the **10‑year near 4.5%** and the **2‑year just over 4%**, while inflation expectations are steady around **2.4%**, keeping **real yields positive** and a headwind for **gold and silver**.^ This mix—*firm oil, strong dollar, high real rates, and weak consumer sentiment*—signals a **cautious macro backdrop**: good enough industrial activity and auto production to keep **scrap flowing**, but plenty of **headline and rate risk** that can spark fast swings in metal prices. Sellers should stay **nimble on timing**, especially if another oil spike or rate move hits screens.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,459/oz, down $25.36 (-0.57%) day-over-day. Previous close: $4,485/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

Gold is trading around **$4,459/oz**, down about **0.6%** today, even as the US dollar firms up and oil starts to wake up again. With prices still very high and gold up in **3 of the last 5 sessions**, scrap sellers and e‑waste recyclers can still lock in strong payouts, but may want to watch intraday moves before fixing large loads.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $74.17/oz, down $0.9410 (-1.25%) day-over-day. Previous close: $75.11/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 60.1:1.

Silver is trading around **$74.17/oz**, down about **94 cents** today, and has fallen in **3 of the last 5 sessions**, so buyers may shade bids a bit. With the **gold/silver ratio near 60:1** and the dollar firm while oil “wakes up again,” scrap yards are likely to stay picky on low-grade silver, so sellers should focus on clean, clearly sorted material to get the best payout.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,912/oz, down $15.00 (-0.78%) day-over-day. Previous close: $1,927/oz. MoM: -1.6%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,329/oz, down $23.00 (-1.70%) day-over-day. Previous close: $1,352/oz. MoM: -9.1%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,400/oz, down $50.00 (-0.59%) day-over-day. Previous close: $8,450/oz. MoM: -16.4%.
• Rhodium 5-day trend: ↓ 5 of last 5 sessions.

PGM prices are under pressure today, with **platinum, palladium, and rhodium all slipping again**, and rhodium now down five days in a row. With the dollar firm and oil waking up, refiners may stay cautious, so scrap sellers should expect softer bids and consider moving only cash‑urgent converter loads while holding anything that isn’t time‑sensitive.

Copper — Current Indicators

• COMEX/Spot Copper: $6.60/lb, down $0.0650 (-0.97%) day-over-day. Previous close: $6.67/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is at **$6.60/lb**, down about **6 cents** today, so scrap sellers may see a little less on new loads right now. Even so, the **5-day trend** is still better, with copper up in **3 of the last 5 sessions**, so the market is not giving up its recent strength.

Aluminum — Current Indicators

• LME Aluminum: $3,724/tonne ($1.69/lb), down $0.0171 (-1.00%) day-over-day. Previous close: $1.71/lb.
• 5-day trend: ↑ 4 of last 5 sessions.

Aluminum is around **$1.69/lb**, about 2 cents lower on the day, but it has moved up in **4 of the last 5 sessions**, so the broader trend still looks steady to slightly stronger. With the **US dollar firm and oil perking up again**, yards may stay cautious on upgrades, so scrap sellers bringing in **clean, well‑sorted aluminum** should still see solid bids even with today’s small dip.

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.