Commodity ratio · live
Silver to Nickel Futures Ratio
The silver to nickel futures ratio is 0.004058 — Silver at $69.01 per Troy Ounce divided by Nickel Futures at $17,004.63 per Metric Ton.
Prices as of Aug 24, 2026, 10:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Silver to Nickel Futures ratio
1.000 T.oz of silver = 0.004058 T of nickel futures
Inverse (NICKEL-FUT/XAG): 246.4 — one Metric Ton of nickel futures buys that much silver.
Close to the middle of its 1 year range. (59th percentile of the last 1 year)
Silver
$69.01
per Troy Ounce
Nickel Futures
$17,004.63
per Metric Ton
Unit basis: USD per Troy Ounce ÷ USD per Metric Ton. The ratio reads as Metric Tons of nickel futures per Troy Ounce of silver. Prices as of Mon, 24 Aug 2026 10:35:36 GMT.
1Y average
0.003948
median 0.003913
1Y low
0.002459
Aug 24, 2025
1Y high
0.006825
Jan 29, 2026
Normal band
0.003249–0.004647
mean ± 1 std dev
Deviation from mean
+0.16σ
351 observations
Silver to Nickel Futures ratio charts
Pick a range once — it applies to the XAG/NICKEL-FUT ratio line, the OHLC candles and the Silver / Nickel Futures price chart below.
XAG/NICKEL-FUT ratio line
How many T of Nickel Futures one T.oz of Silver buys, over 1Y.
XAG/NICKEL-FUT ratio candles
Open, high, low and close of the XAG/NICKEL-FUT ratio for each period in the last 1Y.
Silver and Nickel 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 nickel futures ratio
Silver to Nickel Futures ratio = Silver price per Troy Ounce ÷ Nickel Futures price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of nickel futures per Troy Ounce of silver — rather than a plain count.
Worked example, live prices: $69.01 ÷ $17,004.63 = 0.004058. The inverse is 246.4.
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 silver to nickel futures ratio today?
The silver to nickel futures ratio is 0.004058 — Silver at $69.01 per Troy Ounce divided by Nickel Futures at $17,004.63 per Metric Ton, from live mid-market prices.
How do you calculate the silver to nickel futures ratio?
Divide the silver price per Troy Ounce by the nickel futures 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 nickel futures per Troy Ounce of silver.
What is the inverse of the silver to nickel futures ratio?
The inverse, nickel futures to silver, is 246.4 — how many Troy Ounces of silver one Metric Ton of nickel futures buys.