Commodity ratios and spreads
Relative prices between related commodities, computed daily from spot closes and compared with their own history: where each ratio stands against its one-year average and its five-year range.
Data updated October 13, 2026
- Gold/Silver Ratio70.33z-score 0.5 · 5-year percentile 57High readings have tended to coincide with risk aversion; low ones with strong industrial demand for silver.
- Copper/Gold Ratio1.605z-score 1.7 · 5-year percentile 95A cyclical metal against a defensive one: it tends to move with growth expectations and long-term yields.
- Gold/Oil Ratio44.21z-score -1.2 · 5-year percentile 5How many barrels an ounce of gold buys: rises when energy weakens against monetary metals.
- Brent−WTI Spread11.55z-score 2.3 · 5-year percentile 96The premium of the seaborne benchmark over the US inland one: reflects transport, supply and export conditions.
- 3-2-1 Crack Spread65.94z-score 1.2 · 5-year percentile 90Approximate refining margin: two barrels of gasoline plus one of heating oil minus three of crude.
- Oil/Gas Ratio28.67z-score 0.5 · 5-year percentile 70Oil against gas in price terms; on an energy-equivalent basis the two are roughly at parity near 6.
- Soybean/Corn Ratio2.659z-score 0.9 · 5-year percentile 83Relative price of the two main US crops, watched as a signal for planting decisions.
- Platinum/Gold Ratio0.402z-score -0.6 · 5-year percentile 40The industrial precious metal against the monetary one.
Source: MarketStack commodity prices. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.