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Money & the Fed · Metals

Gold-silver ratio
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The gold-silver ratio is how many ounces of silver it takes to buy one ounce of gold. Enter both spot prices to see where the ratio sits versus its long history.

Per ounceRatioLive
Gold over silverounces
Silver per goldounces
Readingvs history

What the ratio means

Divide the gold price by the silver price and you get the ratio: at 2,650 dollars gold and 31 dollars silver, it is about 85, meaning 85 ounces of silver equal one ounce of gold. It is a quick read on how the two metals are priced against each other.

2,650 over 31
2650 ÷ 31 = 85.5 to 1

Reading the level

Over the last century the ratio has mostly sat between 40 and 90, spiking higher in crises. Metals investors watch it to judge whether silver looks cheap or dear relative to gold, and some rotate between the two at extremes. It is context, not a forecast. See also gold versus the dollar.

Common questions

Gold-silver ratio FAQ

The gold price divided by the silver price: how many ounces of silver it takes to buy one ounce of gold.

Historically often 40 to 90. Above that silver is relatively cheap; below it silver is relatively dear, though there is no fixed fair value.

Some rotate between gold and silver at extremes, buying the one that looks cheap relative to the other.

Spot prices per troy ounce for each metal, in the same currency.