SMASH Recycling Morning Metals Report – June 5, 2026

Prices as of June 05, 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 — $4,465/oz ▼
• Silver — $73.30/oz ▼
• PGMs — Rh ▼ $8,100 · Pt ▲ $1,898 · Pd ▲ $1,307
• Copper — $6.46/lb ▼
• Aluminum — $1.66/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3896

SMASH Recycling Takeaways for Today

• Gold & Silver — Gold and silver are both soft today, so move clean, easy-to-grade material if you need cash flow. Hold back on mixed lots and weak fills until the bid tone firms up.
• PGMs — Platinum and palladium are higher, so push cats and PGM-rich material now. Rhodium is down, so don’t sit on rhodium-heavy loads expecting a bounce.
• Copper — Copper is down about 7 cents, so lock in priced loads before more selling hits. Keep sorting tight on #1, #2, and insulated wire so you do not give weight away.
• Aluminum — Aluminum is barely higher, so this is a sell-ready market, not a chase market. Move clean extrusion, sheet, and cast if you have volume ready.
• Big Picture — Only 2 of 8 metals are higher today, so the tape is weak and sellers should stay selective.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $94.82/bbl, down $0.3800 (-0.40%) day-over-day.

US Dollar Index (DXY): 99.22, up 0.02 (+0.02%) day-over-day.

**Energy is softer, and risk is still mixed.** Brent slipped to **$94.82** a barrel, down 38 cents on the day. The **U.S. dollar** is a touch firmer, with DXY at **99.22**, while USD/CAD sits at **1.3896**. That keeps pressure on export-style pricing and can make buyers a bit more cautious.

Rates are still the bigger signal. The **10-year yield** is up to **4.49%**, and the **2-year** is at **4.08%**. Inflation expectations eased to **2.36%**, but real yields stay high at about **2.13%**. That is a headwind for metals tied to growth, and it fits the softer tone we are seeing in risk assets and scrap buying.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,465/oz, down $14.91 (-0.33%) day-over-day. Previous close: $4,480/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still firm, but it cooled a bit today.** Spot gold is at **$4,465/oz**, down **$14.91** and **0.33%**, with **3 of the last 5 sessions** lower[1]. For scrap sellers, that means the market is still rich, but you should stay sharp on timing and watch for small pullbacks while energy is softer and risk is mixed[1].

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $73.30/oz, down $0.6920 (-0.94%) day-over-day. Previous close: $73.99/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 60.9:1.

**Silver is softer today, and that matters if you sell scrap silver or mixed precious loads.** Spot silver sits at **$73.30/oz**, down **69 cents** on the day, with the market trending lower in **3 of the last 5 sessions**. The **60.9:1 gold/silver ratio** still says silver is cheap versus gold, but weak momentum and softer energy can keep buyers cautious.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,898/oz, up +$8.00 (+0.42%) day-over-day. Previous close: $1,890/oz. MoM: -8.0%.
• Platinum 5-day trend: ↑ 4 of last 5 sessions.
• Palladium (Pd): $1,307/oz, up +$9.00 (+0.69%) day-over-day. Previous close: $1,298/oz. MoM: -14.1%.
• Palladium 5-day trend: ↑ 4 of last 5 sessions.
• Rhodium (Rh): $8,100/oz, down $100.00 (-1.22%) day-over-day. Previous close: $8,200/oz. MoM: -18.6%.
• Rhodium 5-day trend: ↓ 5 of last 5 sessions.

**PGM prices are mixed, so you need to watch your cats and load timing.** Platinum and palladium are both grinding higher, up again in 4 of the last 5 sessions, which gives you a bit more leverage when you’re selling auto cats or PGM-bearing scrap. Rhodium is sliding and has been red all week, so don’t expect buyers to chase those numbers even with energy softer and Brent holding around $94.82.

Copper — Current Indicators

• COMEX/Spot Copper: $6.46/lb, down $0.0675 (-1.03%) day-over-day. Previous close: $6.53/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still rich, but it just gave back a little.** Copper sits around **$6.46/lb**, down about 7 cents on the day, after a strong run where it’s been up in **3 of the last 5 sessions**. With the dollar a bit firmer and **energy softer** (Brent around **$94.82**), you’re still looking at very strong copper money by historical standards, but today’s tape says don’t chase every load.

Aluminum — Current Indicators

• LME Aluminum: $3,670/tonne ($1.66/lb), up +$0.0009 (+0.05%) day-over-day. Previous close: $1.66/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Aluminum is quiet, but it’s drifting up, not down.** Aluminum is around **$1.66/lb**, up a hair today (less than a cent, about **0.05%**), and it has risen in **3 of the last 5 sessions**. With energy a bit softer and Brent at **$94.82/bbl**, this feels like a slow grind, not a breakout, so keep selling into strength and watch for any pickup in bids from busy extrusion and casting shops.

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.