SMASH Recycling Morning Metals Report – June 8, 2026

Prices as of June 08, 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 — $4,328/oz ▼
• Silver — $68.58/oz ▲
• PGMs — Rh ▼ $8,050 · Pt ▸ $1,775 · Pd ▼ $1,199
• Copper — $6.38/lb ▲
• Aluminum — $1.63/lb ▲
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3924

SMASH Recycling Takeaways for Today

• Gold & Silver — Gold is dead flat, but silver’s up over 1%, so push clean silver out the door today and only sell gold if you need the cash.
• PGMs — With platinum flat and both palladium and rhodium drifting lower, hold back on PGM-heavy cats if you can and only move the weaker stuff you don’t want to sit on.
• Copper — Copper popped about 11 cents after sliding last week, so use this bounce to move #1 wire, tubing, and bus bar while keeping anything borderline or mixed for a stronger day.
• Aluminum — Aluminum is barely higher, so focus on clearing clean, sorted extrusion and sheet through SMASH where buyers can see photos and BOLs, and don’t dump dirty or mixed loads just to move them.
• Big Picture — Only 3 of 8 metals are higher, so sell into today’s pockets of strength (silver, copper, aluminum) and stay patient on the soft or flat spots.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $94.61/bbl, up $1.74 (+1.87%) day-over-day.

US Dollar Index (DXY): 99.92, up 0.39 (+0.39%) day-over-day.

**Energy is firmer this morning, and that keeps a floor under risk.** Brent is up to **$94.61** a barrel, while the U.S. dollar is still heavy at **99.92** on the DXY. That mix can keep some pressure on scrap buying power, but it also tells you energy costs are not backing off fast.[2][3]

**Rates are easing a bit, but risk is still noisy.** The **10Y yield** sits at **4.47%** and the **2Y at 4.05%**, while the **real 10Y yield** is still a positive **2.11%**. That is a headwind for gold and silver, and it keeps buyers cautious on the macro side.[1]

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,328/oz, down $0.1000 (-0.00%) day-over-day. Previous close: $4,329/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is holding near record highs, even if today’s move is basically flat.** Spot gold is around **$4,328/oz**, down about ten cents, and has slipped in **3 of the last 5 sessions**, so buyers are a bit cautious. With the dollar firmer and energy like Brent at **$94.61** helping risk assets, don’t be surprised if some yards hold back high-grade gold scrap and only move what they need for cash flow.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $68.58/oz, up +$0.7965 (+1.17%) day-over-day. Previous close: $67.79/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 63.1:1.

**Silver’s still climbing, and that matters for your cats and clean scrap.** Silver is up to about **$68.58/oz**, roughly 80 cents higher today, and has risen in **3 of the last 5 sessions**. With energy firmer and Brent near **$94.61/bbl**, risk assets have a floor, and a **63:1 gold/silver ratio** says silver is still playing catch-up, so tight grading and good photos on SMASH can help buyers push harder for your loads.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,775/oz, flat day-over-day. Previous close: $1,775/oz. MoM: -13.7%.
• Platinum 5-day trend: → flat over last 5 sessions.
• Palladium (Pd): $1,199/oz, down $8.00 (-0.66%) day-over-day. Previous close: $1,207/oz. MoM: -18.8%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,050/oz, down $50.00 (-0.62%) day-over-day. Previous close: $8,100/oz. MoM: -19.1%.
• Rhodium 5-day trend: ↓ 5 of last 5 sessions.

**PGM prices are soft today, so don’t expect buyers to chase your cats.** Platinum is flat, while palladium and rhodium keep ticking down, with rhodium weaker five days straight. With energy firm and risk holding up, more buyers may stay picky on assays and try to grind you on price.

Copper — Current Indicators

• COMEX/Spot Copper: $6.38/lb, up +$0.1060 (+1.69%) day-over-day. Previous close: $6.28/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper is pushing higher again, and that matters for your next load.** Copper sits around **$6.38/lb**, up about **11 cents** today and green in **3 of the last 5 sessions**.[3][1] With energy firm and Brent near **$94.61**, risk is holding up, so expect buyers to stay active and make sure you’re checking more than one bid before you ship.

Aluminum — Current Indicators

• LME Aluminum: $3,602/tonne ($1.63/lb), up +$0.0017 (+0.10%) day-over-day. Previous close: $1.63/lb.
• 5-day trend: ↓ 3 of last 5 sessions.

**Aluminum is holding steady, not hot.** Aluminum is around **$1.63/lb**, barely up today, but it has slipped in 3 of the last 5 sessions. With energy and oil firm and the dollar stronger, buyers still have a floor under prices, but not much momentum, so you should expect tight bids and make your yards compete for every load.

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.