Gold/silver ratio, live

Worked example

These are illustrative prices, not today's. Say gold is $4,000 an ounce and silver $50. The ratio is 4,000 ÷ 50 = 80: one ounce of gold buys 80 ounces of silver.

Two ounces of gold then swap for 2 × 80 = 160 ounces of silver, and 500 ounces of silver come to 500 ÷ 80 = 6.25 ounces of gold.

If gold stays at $4,000 and the ratio falls to 70, silver has risen to 4,000 ÷ 70 = $57.14, about 14% up while gold did nothing. A falling ratio means silver is doing better than gold; a rising one, the other way round.

How we work it out

Ratio = gold price ÷ silver price, both in US dollars per troy ounce. The live ratio divides live spot gold by live spot silver, the same prices as our gold and silver charts, and moves while the metals trade.

The chart has one point a trading day, Monday to Friday: the ratio of gold's and silver's closes at the same moment, the end of the UTC day, from each metal's daily candles. The right end is the live ratio. The metals do not trade at the weekend, so the weekend has no points.

Where today sits: 0% is the lowest ratio in our history, 100% the highest. Today at 50% would be exactly halfway between them.

Silver price chart · Gold price chart · XAUUSD live chart

Questions and answers

What does the gold/silver ratio tell you?

How expensive gold is next to silver. A ratio of 80 means one ounce of gold costs as much as 80 ounces of silver. When it rises, gold is gaining on silver; when it falls, silver is gaining on gold.

Is a high ratio a signal to buy silver?

Some traders read a high ratio as silver being cheap next to gold and a low one as the opposite. It is a comparison, not a forecast: the ratio can stay high or low for a long time. This page shows where it sits in the history we hold, nothing more.

How far back does the chart go?

To late December 2025, when the silver market we read began trading. The exact first day is shown under the tiles. We do not show older figures because we do not hold them in the same form, and mixing sources would make the high and low misleading.

Which prices does this ratio use?

Live spot gold divided by live spot silver, both in US dollars per troy ounce, so it moves with the metals while they trade. The history uses the two closes at the same moment each day. A site that uses futures or a daily fix shows the ratio of those prices instead.

How do I convert gold to silver ounces?

Multiply the ounces of gold by the ratio. At a ratio of 80, 1.5 ounces of gold is 120 ounces of silver. For the other way, divide the ounces of silver by the ratio. The converter above does it at the live ratio.

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