Commodity ratio · live
Heating Oil Futures to Silver Ratio
The heating oil futures to silver ratio is 0.06357 — Heating Oil Futures at $4.40 per Gallan divided by Silver at $69.22 per Troy Ounce.
Prices as of Aug 24, 2026, 12:21 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Heating Oil Futures to Silver ratio
1.000 Gal of heating oil futures = 0.06357 T.oz of silver
Inverse (XAG/HO-FUT): 15.73 — one Troy Ounce of silver buys that much heating oil futures.
Above its 1 year average. (87th percentile of the last 1 year)
Heating Oil Futures
$4.40
per Gallan
Silver
$69.22
per Troy Ounce
Unit basis: USD per Gallan ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of silver per Gallan of heating oil futures. Prices as of Mon, 24 Aug 2026 12:21:24 GMT.
1Y average
0.04812
median 0.04968
1Y low
0.02064
Jan 28, 2026
1Y high
0.07652
Jul 23, 2026
Normal band
0.03529–0.06095
mean ± 1 std dev
Deviation from mean
+1.20σ
329 observations
Heating Oil Futures to Silver ratio charts
Pick a range once — it applies to the HO-FUT/XAG ratio line, the OHLC candles and the Heating Oil Futures / Silver price chart below.
HO-FUT/XAG ratio line
How many T.oz of Silver one Gal of Heating Oil Futures buys, over 1Y.
HO-FUT/XAG ratio candles
Open, high, low and close of the HO-FUT/XAG ratio for each period in the last 1Y.
Heating Oil Futures and Silver prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the heating oil futures to silver ratio
Heating Oil Futures to Silver ratio = Heating Oil Futures price per Gallan ÷ Silver price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of silver per Gallan of heating oil futures — rather than a plain count.
Worked example, live prices: $4.40 ÷ $69.22 = 0.06357. The inverse is 15.73.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the heating oil futures to silver ratio today?
The heating oil futures to silver ratio is 0.06357 — Heating Oil Futures at $4.40 per Gallan divided by Silver at $69.22 per Troy Ounce, from live mid-market prices.
How do you calculate the heating oil futures to silver ratio?
Divide the heating oil futures price per Gallan by the silver price per Troy Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Troy Ounces of silver per Gallan of heating oil futures.
What is the inverse of the heating oil futures to silver ratio?
The inverse, silver to heating oil futures, is 15.73 — how many Gallans of heating oil futures one Troy Ounce of silver buys.