Commodity ratio · live
Silver to Wheat Futures Ratio
The silver to wheat futures ratio is 0.09949 — Silver at $69.15 per Troy Ounce divided by Wheat Futures at $695.04 per Ounce.
Prices as of Aug 24, 2026, 11:35 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Silver to Wheat Futures ratio
1.000 T.oz of silver = 0.09949 Oz of wheat futures
Inverse (ZW-FUT/XAG): 10.05 — one Ounce of wheat futures buys that much silver.
Close to the middle of its 1 year range. (32th percentile of the last 1 year)
Silver
$69.15
per Troy Ounce
Wheat Futures
$695.04
per Ounce
Unit basis: USD per Troy Ounce ÷ USD per Ounce. The ratio reads as Ounces of wheat futures per Troy Ounce of silver. Prices as of Mon, 24 Aug 2026 11:35:54 GMT.
1Y average
0.1179
median 0.1150
1Y low
0.07347
Aug 24, 2025
1Y high
0.2220
Jan 29, 2026
Normal band
0.09094–0.1448
mean ± 1 std dev
Deviation from mean
-0.68σ
328 observations
Silver to Wheat Futures ratio charts
Pick a range once — it applies to the XAG/ZW-FUT ratio line, the OHLC candles and the Silver / Wheat Futures price chart below.
XAG/ZW-FUT ratio line
How many Oz of Wheat Futures one T.oz of Silver buys, over 1Y.
XAG/ZW-FUT ratio candles
Open, high, low and close of the XAG/ZW-FUT ratio for each period in the last 1Y.
Silver and Wheat 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 wheat futures ratio
Silver to Wheat Futures ratio = Silver price per Troy Ounce ÷ Wheat Futures price per Ounce
The two legs use different units, so the result is a rate — Ounces of wheat futures per Troy Ounce of silver — rather than a plain count.
Worked example, live prices: $69.15 ÷ $695.04 = 0.09949. The inverse is 10.05.
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 wheat futures ratio today?
The silver to wheat futures ratio is 0.09949 — Silver at $69.15 per Troy Ounce divided by Wheat Futures at $695.04 per Ounce, from live mid-market prices.
How do you calculate the silver to wheat futures ratio?
Divide the silver price per Troy Ounce by the wheat futures price per Ounce. If the two units differ, the result is a rate rather than a plain count — read it as Ounces of wheat futures per Troy Ounce of silver.
What is the inverse of the silver to wheat futures ratio?
The inverse, wheat futures to silver, is 10.05 — how many Troy Ounces of silver one Ounce of wheat futures buys.