Commodity ratio · live
Magnesium to Silver Ratio
The magnesium to silver ratio is 245.1 — Magnesium at $16,900.00 per Metric Ton divided by Silver at $68.96 per Troy Ounce.
Prices as of Aug 24, 2026, 11:19 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Magnesium to Silver ratio
1.000 T of magnesium = 245.070 T.oz of silver
Inverse (XAG/MG): 0.004080 — one Troy Ounce of silver buys that much magnesium.
Close to the middle of its 1 year range. (41th percentile of the last 1 year)
Magnesium
¥16,900.00
per Metric Ton
Silver
$68.96
per Troy Ounce
Unit basis: CNY per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of silver per Metric Ton of magnesium. Prices as of Mon, 24 Aug 2026 11:19:30 GMT.
These two commodities are quoted in different currencies (CNY and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
274.8
median 258.2
1Y low
146.8
Jan 27, 2026
1Y high
480.4
Aug 24, 2025
Normal band
207.2–342.5
mean ± 1 std dev
Deviation from mean
-0.44σ
344 observations
Magnesium to Silver ratio charts
Pick a range once — it applies to the MG/XAG ratio line, the OHLC candles and the Magnesium / Silver price chart below.
MG/XAG ratio line
How many T.oz of Silver one T of Magnesium buys, over 1Y.
MG/XAG ratio candles
Open, high, low and close of the MG/XAG ratio for each period in the last 1Y.
Magnesium 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 magnesium to silver ratio
Magnesium to Silver ratio = Magnesium price per Metric Ton ÷ Silver price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of silver per Metric Ton of magnesium — rather than a plain count.
Worked example, live prices: $16,900.00 ÷ $68.96 = 245.1. The inverse is 0.004080.
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 | 4640.70 |
| 2 | XAG | Silver | 68.90 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.88 |
| 5 | NG-FUT | Natural Gas Futures | 2.78 |
| 6 | PL | Platinum | 1883.84 |
| 7 | PA | Palladium | 1350.90 |
Frequently asked questions
What is the magnesium to silver ratio today?
The magnesium to silver ratio is 245.1 — Magnesium at $16,900.00 per Metric Ton divided by Silver at $68.96 per Troy Ounce, from live mid-market prices.
How do you calculate the magnesium to silver ratio?
Divide the magnesium price per Metric Ton 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 Metric Ton of magnesium.
What is the inverse of the magnesium to silver ratio?
The inverse, silver to magnesium, is 0.004080 — how many Metric Tons of magnesium one Troy Ounce of silver buys.