Commodity ratio · live
Milk to Silver Ratio
The milk to silver ratio is 0.2410 — Milk at $16.63 per Hundredweight divided by Silver at $69.00 per Troy Ounce.
Prices as of Aug 24, 2026, 10:34 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Milk to Silver ratio
1.000 Cwt of milk = 0.2410 T.oz of silver
Inverse (XAG/MILK): 4.149 — one Troy Ounce of silver buys that much milk.
Close to the middle of its 1 year range. (49th percentile of the last 1 year)
Milk
$16.63
per Hundredweight
Silver
$69.00
per Troy Ounce
Unit basis: USD per Hundredweight ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of silver per Hundredweight of milk. Prices as of Mon, 24 Aug 2026 10:34:57 GMT.
1Y average
0.2598
median 0.2413
1Y low
0.1232
Jan 28, 2026
1Y high
0.4571
Aug 27, 2025
Normal band
0.1872–0.3325
mean ± 1 std dev
Deviation from mean
-0.26σ
350 observations
Milk to Silver ratio charts
Pick a range once — it applies to the MILK/XAG ratio line, the OHLC candles and the Milk / Silver price chart below.
MILK/XAG ratio line
How many T.oz of Silver one Cwt of Milk buys, over 1Y.
MILK/XAG ratio candles
Open, high, low and close of the MILK/XAG ratio for each period in the last 1Y.
Milk 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 milk to silver ratio
Milk to Silver ratio = Milk price per Hundredweight ÷ Silver price per Troy Ounce
The two legs use different units, so the result is a rate — Troy Ounces of silver per Hundredweight of milk — rather than a plain count.
Worked example, live prices: $16.63 ÷ $69.00 = 0.2410. The inverse is 4.149.
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 milk to silver ratio today?
The milk to silver ratio is 0.2410 — Milk at $16.63 per Hundredweight divided by Silver at $69.00 per Troy Ounce, from live mid-market prices.
How do you calculate the milk to silver ratio?
Divide the milk price per Hundredweight 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 Hundredweight of milk.
What is the inverse of the milk to silver ratio?
The inverse, silver to milk, is 4.149 — how many Hundredweights of milk one Troy Ounce of silver buys.