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Gold Silver Ratio Today

Live gold to silver ratio — updated every 60 seconds

Last updated: May 4, 2026, 01:01 PM ET

Current Gold / Silver Ratio

62.0 : 1

It takes 62.0 ounces of silver to buy 1 ounce of gold

Gold Spot Price

$4,512.92/oz

Silver Spot Price

$72.78/oz

Neutral Zone

Current Signal

A ratio of 62.0 is within the historical "neutral" range of 50–70. Neither metal is dramatically overpriced relative to the other.

Current Ratio

62.0 : 1

Live

30-Day High

145.8 : 1

Last 30 days

30-Day Low

124 : 1

Last 30 days

Historical Average

~60 : 1

Since 1900

30-Day Gold/Silver Ratio Chart

What the Ratio Means for Investors

Below 50

Silver Expensive

Silver is historically expensive relative to gold. Consider rotating to gold. Ratios this low are rare and typically precede silver pullbacks.

50 – 70

Neutral Zone ← Current

The "fair value" range based on 20th-century averages. Neither metal is dramatically mispriced. Hold your current allocation.

70 – 90

Silver Cheap

Silver is cheap relative to gold — historically a signal to rotate from gold into silver. Many traders consider this range a buy zone for silver.

Above 90

Silver Very Cheap

Extreme readings. The last time the ratio was this high before 2020 was in the mid-1990s. Historically, ratios above 90 have preceded strong silver rallies.

Historical Milestones

PeriodRatioContext
2020 Peak (COVID Panic)125 : 1Highest ratio in modern history — silver crashed as gold held firm
2011 Low (Silver Spike)32 : 1Lowest ratio in decades — silver surged past $50/oz
1980 Silver Spike15 : 1Hunt Brothers silver squeeze pushed ratio to multi-century lows
Historical Average (since 1900)~60 : 1Long-run mean — useful baseline for mean-reversion strategies
Ancient Rome~12 : 1Fixed by law; silver was far more abundant than gold

How to Calculate the Gold Silver Ratio

Formula:

Gold Price ÷ Silver Price = Ratio

$4512.92 ÷ $72.78 = 62.0

Both prices are measured in the same unit (USD per troy ounce), so the ratio is dimensionless. It can be calculated at any point in time and is tracked continuously in commodity markets.

Frequently Asked Questions

Q: What is the gold silver ratio?

The gold silver ratio tells you how many ounces of silver it takes to buy one ounce of gold. For example, a ratio of 80 means 80 ounces of silver = 1 ounce of gold. It's one of the oldest tracked relationships in financial markets, dating back thousands of years.

Q: What is a "good" gold silver ratio?

It depends on your strategy. Historically, a ratio above 80 is considered high (silver is cheap relative to gold), and a ratio below 50 is considered low (silver is expensive relative to gold). Many investors use the ratio to rotate between the two metals — selling gold and buying silver when the ratio is high, and vice versa.

Q: Why does the gold silver ratio matter for investors?

The ratio helps investors identify relative value between the two metals. When the ratio is historically high, silver may be undervalued and offer more upside. When it's low, gold may be the better hedge. It's a classic mean-reversion trade used by commodity funds and sophisticated retail investors alike.

Q: What caused the 2020 spike to 125:1?

The COVID-19 panic in March 2020 caused a massive flight to safety. Gold held its value as investors piled into the "safe haven," while silver — which has significant industrial uses — sold off sharply as economic collapse fears mounted. This created the highest gold-to-silver ratio in modern recorded history.

Q: Is there a "natural" gold silver ratio based on mining supply?

Yes — the natural abundance ratio of silver to gold in the Earth's crust is roughly 17.5 : 1, and the mining production ratio is approximately 9 : 1. The current market ratio is far above both, suggesting silver remains historically cheap relative to gold from a supply perspective.

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