Atomically flat and clean metal surfaces exhibit a regime of ultra-low friction at low normal loads. Atomic force microscopy, performed in ultra-high vacuum on Cu(100) and Au(111) surfaces, reveals a clear stick-slip modulation in the lateral force but almost zero dissipation. Significant friction is observed only for higher loads (∼4–6 nN above the pull-off force) together with the onset of wear. We discuss the minor role of thermal activation in the low friction regime and suggest that a compliant metallic neck between tip and surface is formed which brings upon the low, load-independent shear stress.