Silver has already outperformed. Gold may be relatively more attractive.
Gold/Silver Ratio
Relative value monitor.
The ratio shows how many ounces of silver equal one ounce of gold.
Common ratio zones
Neutral zone where trend and premiums matter more than the ratio alone.
Silver may be historically cheap relative to gold, but confirm with momentum.
How to use the ratio
Step 1Calculate
Divide gold spot price by silver spot price.
Step 2Compare
Check whether the ratio is high, low, or normal relative to recent history.
Step 3Confirm
Use price trend, dealer premiums, and liquidity before rotating metals.
Step 4Act carefully
The ratio can stay extreme for longer than expected.
What the ratio does not tell you
Warning
Relative value is not a timing signal by itself.
The ratio helps compare gold and silver, but it does not know your purchase premium, taxes, shipping, liquidity, or storage constraints.
- Use the ratio as a filter, not a command.
- Silver can look cheap and still fall.
- Premiums can make physical silver less attractive than spot implies.
FAQ
Gold-silver ratio questions
What is the gold-to-silver ratio?
It is the number of ounces of silver it takes to buy one ounce of gold. You calculate it by dividing the gold spot price by the silver spot price - for example, $4,000 ? $58 ? 69.
What is considered a high or low gold-silver ratio?
Historically the ratio has ranged widely. Readings above about 80 are often viewed as silver being cheap relative to gold, while readings below about 50 suggest silver is relatively expensive.
How do investors use the gold-silver ratio?
Some investors rotate between the metals: buying silver when the ratio is high and switching toward gold when it is low, aiming to accumulate more total ounces over time.
How do I calculate the gold-silver ratio myself?
Divide the current gold price per ounce by the current silver price per ounce. The live ticker at the top of the page provides both spot prices you need.
Put this into a number
Use the live calculators to turn market context into an estimated value.