Copper vs Silver

Copper (XCU) and Silver (XAG) compared side by side. Over the past 90 days, XCU is ahead by 22.5 percentage points (XCU +4.3% against XAG -18.2%). Their daily returns move closely together (correlation 0.66 across 279 shared trading days). XAG has been the more volatile of the two, at 77% annualised against XCU's 33%.

Correlation: 0.66
Ahead over 90 days: XCU

CopperXCU

$93.3000

24h: -0.06%
Market cap: —
Volume 24h: $63,175
Volatility (ann.): 33%

SilverXAG

$52.0700

24h: +4.66%
Market cap: —
Volume 24h: $46,700
Volatility (ann.): 77%

Performance

XCUXAG

7 days-1.51%-7.68%XCU
30 days-4.73%-22.82%XCU
90 days+4.32%-18.23%XCU

Correlation

0.66over 279 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6290d: 0.621y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	XCU	XAG
Max drawdown (400d)	-13.5%	-57.3%
Risk-adjusted return (90d)	0.17	-0.41

Relative strength over 90 days: XCU outperformed XAG by 27.6% — measured on the XCU/XAG ratio, so it holds regardless of market direction.

Copper →Silver →