Commodity ratio · live
Silver to Heating Oil Futures Ratio
The silver to heating oil futures ratio is 15.73 — Silver at $69.22 per Troy Ounce divided by Heating Oil Futures at $4.40 per Gallan.
Prices as of Aug 24, 2026, 12:21 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Silver to Heating Oil Futures ratio
1.000 T.oz of silver = 15.732 Gal of heating oil futures
Inverse (HO-FUT/XAG): 0.06357 — one Gallan of heating oil futures buys that much silver.
Below its 1 year average. (13th percentile of the last 1 year)
Silver
$69.22
per Troy Ounce
Heating Oil Futures
$4.40
per Gallan
Unit basis: USD per Troy Ounce ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Troy Ounce of silver. Prices as of Mon, 24 Aug 2026 12:21:24 GMT.
1Y average
22.65
median 20.13
1Y low
13.07
Jul 23, 2026
1Y high
48.45
Jan 28, 2026
Normal band
15.28–30.02
mean ± 1 std dev
Deviation from mean
-0.94σ
329 observations
Silver to Heating Oil Futures ratio charts
Pick a range once — it applies to the XAG/HO-FUT ratio line, the OHLC candles and the Silver / Heating Oil Futures price chart below.
XAG/HO-FUT ratio line
How many Gal of Heating Oil Futures one T.oz of Silver buys, over 1Y.
XAG/HO-FUT ratio candles
Open, high, low and close of the XAG/HO-FUT ratio for each period in the last 1Y.
Silver and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the silver to heating oil futures ratio
Silver to Heating Oil Futures ratio = Silver price per Troy Ounce ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Troy Ounce of silver — rather than a plain count.
Worked example, live prices: $69.22 ÷ $4.40 = 15.73. The inverse is 0.06357.
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 silver to heating oil futures ratio today?
The silver to heating oil futures ratio is 15.73 — Silver at $69.22 per Troy Ounce divided by Heating Oil Futures at $4.40 per Gallan, from live mid-market prices.
How do you calculate the silver to heating oil futures ratio?
Divide the silver price per Troy Ounce by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Troy Ounce of silver.
What is the inverse of the silver to heating oil futures ratio?
The inverse, heating oil futures to silver, is 0.06357 — how many Troy Ounces of silver one Gallan of heating oil futures buys.