Commodity ratio · live
Silver to Magnesium Ratio
The silver to magnesium ratio is 0.004080 — Silver at $68.96 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton.
Prices as of Aug 24, 2026, 11:19 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Silver to Magnesium ratio
1.000 T.oz of silver = 0.004080 T of magnesium
Inverse (MG/XAG): 245.1 — one Metric Ton of magnesium buys that much silver.
Close to the middle of its 1 year range. (59th percentile of the last 1 year)
Silver
$68.96
per Troy Ounce
Magnesium
¥16,900.00
per Metric Ton
Unit basis: USD per Troy Ounce ÷ CNY per Metric Ton. The ratio reads as Metric Tons of magnesium per Troy Ounce of silver. Prices as of Mon, 24 Aug 2026 11:19:32 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
0.003840
median 0.003873
1Y low
0.002081
Aug 24, 2025
1Y high
0.006811
Jan 27, 2026
Normal band
0.002987–0.004692
mean ± 1 std dev
Deviation from mean
+0.28σ
344 observations
Silver to Magnesium ratio charts
Pick a range once — it applies to the XAG/MG ratio line, the OHLC candles and the Silver / Magnesium price chart below.
XAG/MG ratio line
How many T of Magnesium one T.oz of Silver buys, over 1Y.
XAG/MG ratio candles
Open, high, low and close of the XAG/MG ratio for each period in the last 1Y.
Silver and Magnesium 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 magnesium ratio
Silver to Magnesium ratio = Silver price per Troy Ounce ÷ Magnesium price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of magnesium per Troy Ounce of silver — rather than a plain count.
Worked example, live prices: $68.96 ÷ $16,900.00 = 0.004080. The inverse is 245.1.
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 silver to magnesium ratio today?
The silver to magnesium ratio is 0.004080 — Silver at $68.96 per Troy Ounce divided by Magnesium at $16,900.00 per Metric Ton, from live mid-market prices.
How do you calculate the silver to magnesium ratio?
Divide the silver price per Troy Ounce by the magnesium price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of magnesium per Troy Ounce of silver.
What is the inverse of the silver to magnesium ratio?
The inverse, magnesium to silver, is 245.1 — how many Troy Ounces of silver one Metric Ton of magnesium buys.