SMASH Recycling Morning Metals Report – June 4, 2026

Prices as of June 04, 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.

Jump to:

• Gold — $4,501/oz ▲
• Silver — $74.52/oz ▲
• PGMs — Rh ▼ $8,250 · Pt ▲ $1,899 · Pd ▲ $1,315
• Copper — $6.52/lb ▲
• Aluminum — $1.67/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3884

SMASH Recycling Takeaways for Today

• Gold & Silver — Use today’s pop to move clean, documented high-grade lots; don’t sit on big positions waiting for more.
• PGMs — With platinum and palladium up but rhodium soft, tighten your cat grading and photo docs and test SMASH auctions on mixed PGM loads.
• Copper — Board is creeping higher again, so push No.1/No.2 and insulated now through competitive bids instead of waiting for a “perfect” top.
• Aluminum — With prices slipping, ship segregated, clean aluminum today and avoid letting mixed or dirty aluminum pile up in the yard.
• Big Picture — Five of eight metals are green and steel is flat, so this is a seller’s market for well-graded, well-documented scrap.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $94.72/bbl, down $2.63 (-2.70%) day-over-day.

US Dollar Index (DXY): 99.24, up 0.04 (+0.04%) day-over-day.

**Oil finally blinked. Risk hasn’t.**

Brent slipped to about **$95**, down almost **3%** from yesterday. Still, that’s after a big run-up, so diesel and freight pressure stay in play for your yard and your buyers.

The **dollar is firm**, with DXY near **99** and USD/CAD around **1.39**. Rates are still high, 10Y near **4.5%** with real yields just over **2%**, so money isn’t “easy” yet and risk appetite stays cautious. For you, that means: fuel costs still bite, credit isn’t cheap, and buyers stay picky on what loads they chase.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,501/oz, up +$60.28 (+1.36%) day-over-day. Previous close: $4,441/oz.
• 5-day trend: ↑ 3 of last 5 sessions.

**Gold is still hot, but it is not a straight line.** Spot is at **$4,501/oz**, up **$60.28** today, and it has closed higher in 3 of the last 5 sessions.[1] For scrap sellers, that means good melt value on clean, well-sorted gold, but you still need to watch the board and not chase every spike.[3][5]

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $74.52/oz, up +$1.67 (+2.29%) day-over-day. Previous close: $72.85/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 60.4:1.

**Silver’s still strong, but it’s running a bit hot.** Silver is around **$74.52/oz**, up about **2.3% today**, even after slipping in **3 of the last 5 sessions**. The **gold/silver ratio near 60:1** says silver is still the more aggressive trade, so if you’re selling e‑scrap, jewelry, or industrial silver, expect decent bids but also be ready for quick swings if this rally cools off.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,899/oz, up +$47.00 (+2.54%) day-over-day. Previous close: $1,852/oz. MoM: -2.7%.
• Platinum 5-day trend: ↑ 3 of last 5 sessions.
• Palladium (Pd): $1,315/oz, up +$31.00 (+2.41%) day-over-day. Previous close: $1,284/oz. MoM: -10.8%.
• Palladium 5-day trend: ↑ 3 of last 5 sessions.
• Rhodium (Rh): $8,250/oz, down $150.00 (-1.79%) day-over-day. Previous close: $8,400/oz. MoM: -17.1%.
• Rhodium 5-day trend: ↓ 5 of last 5 sessions.

**PGM prices are split, so your cats will price out very differently today.** Platinum and palladium are both up over 2%, with platinum near $1,900/oz and palladium above $1,300/oz, giving a small tailwind to most converter loads. Rhodium keeps sliding, down again to about $8,250/oz, so units heavy in rhodium won’t see the same lift even though oil finally blinked and the dollar is steady.

Copper — Current Indicators

• COMEX/Spot Copper: $6.52/lb, up +$0.0385 (+0.59%) day-over-day. Previous close: $6.48/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper keeps grinding higher, and scrap sellers still hold the cards.** Board copper is around **$6.52/lb**, up about **4 cents** today and higher in **3 of the last 5** sessions. With oil finally cooling off and the dollar steady, this move looks like steady buying, not panic — so you should expect yards and buyers to stay sharp on grades, photos, and weights before they step up on price.

Aluminum — Current Indicators

• LME Aluminum: $3,671/tonne ($1.67/lb), down $0.0130 (-0.77%) day-over-day. Previous close: $1.68/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum slipped a hair, but the board still looks steady for sellers.** Aluminum is around **$1.67/lb**, down about a penny, though it’s been up in **3 of the last 5 sessions**, so the trend is still mildly positive. With oil cooling off around **$94.72/bbl** and the dollar a bit stronger, expect slow moves, not a crash, so keep clean, sorted aluminum ready and shop your loads, not just your favorite buyer.

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.