Commodity ratio · live
Nickel Futures to Silver Ratio
The nickel futures to silver ratio is 246.4 — Nickel Futures at $17,004.63 per Metric Ton divided by Silver at $69.01 per Troy Ounce.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Nickel Futures to Silver ratio
1.000 T of nickel futures = 246.408 T.oz of silver
Inverse (XAG/NICKEL-FUT): 0.004058 — one Troy Ounce of silver buys that much nickel futures.
Close to the middle of its 1 year range. (41th percentile of the last 1 year)
Nickel Futures
$17,004.63
per Metric Ton
Silver
$69.01
per Troy Ounce
Unit basis: USD per Metric Ton ÷ USD per Troy Ounce. The ratio reads as Troy Ounces of silver per Metric Ton of nickel futures. Prices as of Mon, 24 Aug 2026 10:35:36 GMT.
1Y average
261.5
median 255.6
1Y low
146.5
Jan 29, 2026
1Y high
406.7
Aug 24, 2025
Normal band
213.7–309.4
mean ± 1 std dev
Deviation from mean
-0.32σ
351 observations
Nickel Futures to Silver ratio charts
Pick a range once — it applies to the NICKEL-FUT/XAG ratio line, the OHLC candles and the Nickel Futures / Silver price chart below.
NICKEL-FUT/XAG ratio line
How many T.oz of Silver one T of Nickel Futures buys, over 1Y.
NICKEL-FUT/XAG ratio candles
Open, high, low and close of the NICKEL-FUT/XAG ratio for each period in the last 1Y.
Nickel 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 nickel futures to silver ratio
Nickel Futures to Silver ratio = Nickel Futures 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 nickel futures — rather than a plain count.
Worked example, live prices: $17,004.63 ÷ $69.01 = 246.4. The inverse is 0.004058.
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 | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the nickel futures to silver ratio today?
The nickel futures to silver ratio is 246.4 — Nickel Futures at $17,004.63 per Metric Ton divided by Silver at $69.01 per Troy Ounce, from live mid-market prices.
How do you calculate the nickel futures to silver ratio?
Divide the nickel futures 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 nickel futures.
What is the inverse of the nickel futures to silver ratio?
The inverse, silver to nickel futures, is 0.004058 — how many Metric Tons of nickel futures one Troy Ounce of silver buys.