SMASH Recycling Morning Metals Report – June 9, 2026

Prices as of June 09, 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 — $4,343/oz ▲
• Silver — $68.47/oz ▲
• PGMs — Rh ▸ $8,000 · Pt ▲ $1,772 · Pd ▲ $1,243
• Copper — $6.43/lb ▲
• Aluminum — $1.62/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3947

SMASH Recycling Takeaways for Today

• Gold & Silver — Use this green day to move clean silver and mid-grade gold jewelry, but hold premium coins and bars unless you need cash.
• PGMs — With platinum, palladium up and rhodium flat, ship platinum/palladium-heavy cats now and keep rhodium-rich cores parked unless you’re tight on space or cash.
• Copper — Copper popped about 10 cents, so lean into this bounce and move #1 wire, tube, and bus bar while still holding mixed and borderline grades.
• Aluminum — With aluminum slipping and our last call saying no big upside near term, don’t dump dirty or mixed alu; focus only on clean, easy-to-move loads.
• Big Picture — 5 of 8 metals higher today, so sell into strength on clean, high-grade material and avoid panic moves on the soft spots.

Macro Backdrop — Energy and Risk

Brent Crude Oil: $92.71/bbl, down $1.62 (-1.72%) day-over-day.

US Dollar Index (DXY): 99.72, up 0.31 (+0.31%) day-over-day.

**Energy is still tight, but today feels like a pause, not a crash.**

Brent is just under **$93**, off about **1.7%**. That’s a small giveback after a strong run above **$95–98** in recent prints. Fuel costs are still high for shredders, trucks, and shears, but you get a bit of short‑term relief on diesel and freight.

The **dollar is firmer** and **yields are pushing up**, which usually means more risk in the system. DXY is just under **100**, USD/CAD is near **1.39**, and the 2‑year and 10‑year are both rising. Stronger dollar and higher rates can pressure metal prices and exports, so plan loads and bids knowing money is a little tighter and risk is edging up, not down.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,343/oz, up +$14.96 (+0.35%) day-over-day. Previous close: $4,328/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

**Gold is still rich, even on a “quiet” day.** Gold is around **$4,343/oz**, up about **0.35%** today, even after slipping in **3 of the last 5 sessions**.[3] With the dollar firm and Brent just under **$93**, this feels like steady, slow grind higher, not a panic spike — so if you’re a yard sitting on dental, boards, or jewelry scrap, it’s a decent time to tighten your spreads and keep material moving, but not a “dump everything now” moment.[3]

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $68.47/oz, up +$0.3275 (+0.48%) day-over-day. Previous close: $68.14/oz.
• 5-day trend: ↑ 3 of last 5 sessions.
• Gold/Silver ratio: 63.4:1.

**Silver’s holding a firm bid, but it’s not going nuts.** Spot silver is around **$68.47/oz**, up about **33 cents** today, with gains in **3 of the last 5 sessions** and a gold/silver ratio near **63:1**, which still favors gold but keeps silver interesting for mixed loads.[3][4] With the dollar a bit stronger and energy taking a breather, this feels like a steady tape, so if you’ve got silver in cats, electronics, or old industrial scrap, it’s a reasonable time to test bids rather than let it sit and collect dust.[2][8]

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,772/oz, up +$18.00 (+1.03%) day-over-day. Previous close: $1,754/oz. MoM: -13.9%.
• Platinum 5-day trend: ↓ 3 of last 5 sessions.
• Palladium (Pd): $1,243/oz, up +$41.00 (+3.41%) day-over-day. Previous close: $1,202/oz. MoM: -15.8%.
• Palladium 5-day trend: ↓ 3 of last 5 sessions.
• Rhodium (Rh): $8,000/oz, flat day-over-day. Previous close: $8,000/oz. MoM: -19.6%.
• Rhodium 5-day trend: ↓ 4 of last 5 sessions.

**PGM prices are firmer today, but this is still a mixed market for scrap sellers.** Platinum is at **$1,772/oz** and palladium is at **$1,243/oz**, both up on the day, while rhodium is flat at **$8,000/oz**; even so, the 5-day trend is still soft for all three. Brent crude near **$92.71** fits the same pause-not-crash tone, so this looks like a market with support, not a clean breakout.

Copper — Current Indicators

• COMEX/Spot Copper: $6.43/lb, up +$0.1015 (+1.60%) day-over-day. Previous close: $6.33/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

**Copper’s still hot, and today it pushed higher again.** Copper is around **$6.43/lb**, up about **10 cents** on the day and higher in **3 of the last 5 sessions**. With Brent just under **$93/bbl** and energy taking a breather, this feels like steady strength, not a panic spike — good time to stay close to your scales and know your grades before you sell.

Aluminum — Current Indicators

• LME Aluminum: $3,575/tonne ($1.62/lb), down $0.0089 (-0.55%) day-over-day. Previous close: $1.63/lb.
• 5-day trend: ↓ 5 of last 5 sessions.

**Aluminum is softer today.** It’s at **$1.62/lb**, down less than a cent, and it has fallen in **5 straight sessions**. Brent is still near **$93**, but the macro tone looks like a pause, not a shock, so this feels more like weak buying than an energy panic.

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.