Do MES and SIL Move Together on 15-minute Charts?
Educational reference. Measured from recorded market data through September 4, 2026. Not a forecast.
Micro E-mini S&P 500 and Micro Silver are often assumed to move together. This measures it against 2,913 time-aligned 15-minute bars over the last 45 days — no opinion, just what the two actually did.
| Bars where both moved | 2,775 |
|---|---|
| … and moved the same direction | 1,782 (64.2%) |
| Correlation of bar-to-bar changes | +0.436 |
A coin flip would be 50%. At 64.2% and a correlation of +0.436, these two have a moderate tendency to move together on this timeframe.
Where the relationship breaks down
Prices moving together does not mean everything else does. The indicator pages below measure each reading separately — and momentum, trend strength and volatility frequently disagree even when price does not.
See LiveCharts.AI forecasting both MES and SIL live — 7-day free trial →
How this was measured
Every 15-minute bar recorded for both instruments in the last 45 days was aligned by timestamp. Bars where either did not move are excluded from the direction figure, since a flat bar agrees with nothing. Correlation is measured on bar-to-bar changes, not on price levels — two markets can both drift upward for unrelated reasons, and correlating levels would call that a relationship.