Gold-silver ratio
calculator
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.
Defaults are examples, not live quotes. Enter today's figures.
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What the ratio means
Divide the gold price by the silver price and you get the ratio: at 4,075 dollars gold and 62 dollars silver, it is about 66, meaning 66 ounces of silver equal one ounce of gold. It is a quick read on how the two metals are priced against each other.
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.
Reference points
- Formula
- Gold price per ounce divided by silver price per ounce.
- Long-run range
- Roughly 40 to 90 for most of the last century, with spikes above 100 in crises.
- First fixed
- The US Coinage Act of 1792 set the ratio at 15 to 1 by law.
- Your inputs
- Enter today's spot prices; the defaults are examples.
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.