(Full disclosure — I posted this first on Physics SE and it was suggested it might be a better fit here.)
If I place a ring on the screen of my phone, and then try to scroll with my finger inside the ring (first diagram), the ring and my finger move up and down, but the screen doesn't scroll. If I leave the ring on the screen, but put my finger to one side of it (second diagram), it does scroll.
I've repeated thing with several rings, and have found that if the ring is flat (a plain band) and touches the screen at every point around it, scrolling doesn't work. If the ring doesn't touch the screen all the way around (either because it's shaped, or has a large stone) my phone will still scroll. These results are consistent with both gold and silver rings.
Can anybody explain why this is? I think I understand the theory behind capacitive touch screens (which is what my phone has) but I can't understand why the metal would only have this effect when it completely surrounds my finger. It isn't working as a second 'finger', because if it were it would zoom rather than scroll in the second scenario.
The above was seen on my phone (iPhone SE 2020), but my Kindle Fire tablet doesn't display the same behaviour, nor does a Huawei mediapad, presumably because they use a different type of touchscreen.

