SMASH Recycling Morning Metals Report – May 29, 2026

Prices as of May 29, 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 — $4,523/oz ▲
• Silver — $75.37/oz ▼
• PGMs — Rh ▼ $8,800 · Pt ▼ $1,915 · Pd ▸ $1,354
• Copper — $6.39/lb ▼
• Aluminum — $1.66/lb ▼
• Steel Scrap — $413.00/mt ▸
• Macro Backdrop
• CAD — USD/CAD 1.3809

SMASH Recycling Takeaways for Today

• Gold & Silver — Gold is still strong, but silver is weaker, so sell gold-heavy lots now and hold silver if you can wait for a better bid.[1]
• PGMs — Platinum, palladium, and rhodium are all soft, so move only urgent or high-grade PGM material and hold the rest if storage is cheap.[1]
• Copper — Copper is down, so avoid panic selling; sort clean copper well and be ready to ship on any bounce.[1]
• Aluminum — Aluminum is also lower, so keep loads clean and separate, then sell when the market firm ups.[1]
• Big Picture — Only 1 of 8 metals is higher today, so the market is weak overall and sellers should be selective, not rushed.[1]

Macro Backdrop — Energy and Risk

Brent Crude Oil: $91.18/bbl, down $1.25 (-1.35%) day-over-day.

US Dollar Index (DXY): 99.04, down 0.13 (-0.13%) day-over-day.

Energy is softer this morning, with **Brent crude at $91.18/bbl**, down **1.35%** on the day. A pullback in oil can ease some cost pressure for hauling, but it also points to a more cautious tone in the broader market. The **U.S. dollar is a touch weaker**, with DXY at **99.04** and USD/CAD at **1.3809**, which can give a small lift to dollar-priced metals for non-U.S. buyers.

Risk signals are still mixed. The **10-year Treasury yield is 4.48%**, while inflation expectations sit near **2.39%**, so the market is still balancing growth risk against sticky prices. Auto production is up from the last read, which supports scrap demand tied to manufacturing, but the softer oil and firmer dollar still argue for a careful, not aggressive, tone this morning.

Gold — Safe-Haven Indicator

• Spot Gold (XAU): $4,523/oz, up +$23.39 (+0.52%) day-over-day. Previous close: $4,500/oz.
• 5-day trend: ↓ 3 of last 5 sessions.

Gold is **up** to **$4,523/oz**, so scrap sellers still have strong value in the market. Even so, the last 5 sessions were choppy, with **3 down days**, so price swings are still a risk for recyclers and sellers.

Silver — Industrial & Precious Hybrid

• Spot Silver (XAG): $75.37/oz, down $0.3380 (-0.45%) day-over-day. Previous close: $75.70/oz.
• 5-day trend: ↓ 3 of last 5 sessions.
• Gold/Silver ratio: 60.0:1.

Silver is trading at **$75.37/oz**, down about **34 cents** today, and the short-term trend is still weak with **3 of the last 5 sessions lower**. For scrap sellers, that means pricing is soft for now, even though the **gold/silver ratio at 60:1** may still keep some buyers interested in silver-heavy lots.

Precious Metals (PGM) — Screen Indicators

• Platinum (Pt): $1,915/oz, down $3.00 (-0.16%) day-over-day. Previous close: $1,918/oz. MoM: +2.1%.
• Platinum 5-day trend: ↓ 4 of last 5 sessions.
• Palladium (Pd): $1,354/oz, flat day-over-day. Previous close: $1,354/oz. MoM: -6.1%.
• Palladium 5-day trend: → flat over last 5 sessions.
• Rhodium (Rh): $8,800/oz, down $100.00 (-1.12%) day-over-day. Previous close: $8,900/oz. MoM: -12.0%.
• Rhodium 5-day trend: ↓ 4 of last 5 sessions.

PGM prices are mixed, but the tone is softer for scrap sellers. Platinum is down to **$1,915/oz** and rhodium is down to **$8,800/oz**, while palladium is flat at **$1,354/oz**; with Brent crude softer at **$91.18/bbl**, the market does not look strongly supportive right now.[1]

Copper — Current Indicators

• COMEX/Spot Copper: $6.39/lb, down $0.0300 (-0.47%) day-over-day. Previous close: $6.42/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Copper is **$6.39/lb**, down about **3 cents** today, but it is still holding near high levels. For scrap sellers, the market looks steady to slightly softer, helped by a stronger 3-of-5 session trend even as Brent crude is lower at **$91.18/bbl** and the dollar is weaker.

Aluminum — Current Indicators

• LME Aluminum: $3,663/tonne ($1.66/lb), down $0.0048 (-0.29%) day-over-day. Previous close: $1.67/lb.
• 5-day trend: ↑ 3 of last 5 sessions.

Aluminum is **$1.66/lb** today, down less than a cent, so the market is a little softer for scrap sellers.[1][2] Even so, it has **risen in 3 of the last 5 sessions**, which shows the recent trend is still fairly firm.[1] Energy is softer this morning, with Brent crude at **$91.18/bbl**, so that is not giving aluminum much extra support right now.[2]

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.