Commodity ratio · live
Wheat Futures to Silver Ratio
The wheat futures to silver ratio is 12.04 — Wheat Futures at $25,584.20 per kilogram divided by Silver at $2,125.49 per kilogram.
Wheat futures is quoted per ounce and silver per troy ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Prices as of Sep 22, 2026, 3:22 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Wheat Futures to Silver ratio
1.000 kg of wheat futures = 12.037 kg of silver
Inverse (XAG/ZW-FUT): 0.08308 — one kilogram of silver buys that much wheat futures.
Above its 1 year average. (85th percentile of the last 1 year)
Wheat Futures
$25,584.20
per kilogram
Silver
$2,125.49
per kilogram
Unit basis: USD per kilogram ÷ USD per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number. Prices as of Tue, 22 Sep 2026 03:22:19 GMT.
Prices on this page are delayed by up to 15 minutes. For real-time rates, use the CommodityPriceAPI.
Wheat futures is quoted per ounce and silver per troy ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
1Y average
9.782
median 9.661
1Y low
4.942
Jan 29, 2026
1Y high
13.73
Jul 16, 2026
Normal band
7.810–11.75
mean ± 1 std dev
Deviation from mean
+1.14σ
171 observations
Wheat Futures to Silver ratio charts
Pick a range once — it applies to the ZW-FUT/XAG ratio line, the OHLC candles and the Wheat Futures / Silver price chart below.
ZW-FUT/XAG ratio line
How many kg of Silver one kg of Wheat Futures buys, over 1Y.
ZW-FUT/XAG ratio candles
Open, high, low and close of the ZW-FUT/XAG ratio for each period in the last 1Y.
Wheat 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 wheat futures to silver ratio
Wheat Futures to Silver ratio = Wheat Futures price in USD per kilogram ÷ Silver price in USD per kilogram
Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
Wheat futures is quoted per ounce and silver per troy ounce, so both are restated per kilogram first. Dividing the two quotes as published would be out by exactly that much.
Worked example, live prices: $25,584.20 per kilogram ÷ $2,125.49 per kilogram = 12.04. The inverse is 0.08308.
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 | 4297.52 |
| 2 | XAG | Silver | 64.71 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 92.60 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 101.23 |
| 5 | NG-FUT | Natural Gas Futures | 2.84 |
| 6 | PL | Platinum | 1778.60 |
| 7 | PA | Palladium | 1287.50 |
Frequently asked questions
What is the wheat futures to silver ratio today?
The wheat futures to silver ratio is 12.04 — Wheat Futures at $25,584.20 per kilogram divided by Silver at $2,125.49 per kilogram, from live mid-market prices. Both figures are US dollars per kilogram.
How do you calculate the wheat futures to silver ratio?
Divide the wheat futures price per kilogram by the silver price per kilogram. Both legs are priced in US dollars per kilogram, so the dollars and the kilograms cancel and the result is a plain unitless number.
What is the inverse of the wheat futures to silver ratio?
The inverse, silver to wheat futures, is 0.08308 — how many kilograms of wheat futures one kilogram of silver buys.