Gold/Silver Ratio: Live Chart and History
The gold/silver ratio shows how many ounces of silver it takes to buy one ounce of gold. Track today’s value, compare it with its long-term averages and see how it has moved since 2000.
73.65ounces of silver per ounce of gold
Gold/silver ratio
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Calculated from daily closes of front-month futures since 30 Aug 2000.
Record high and low
| Highest | 125.89 | 18 Mar 2020 |
| Lowest | 32.00 | 25 Apr 2011 |
| Today | 74.03 | 22 Oct 2026 |
Range of daily closes in our data.
Average by year
| Year | Average | High | Low |
|---|---|---|---|
| 2026 | 64.0 | 74.0 | 44.2 |
| 2025 | 88.3 | 105.4 | 56.7 |
| 2024 | 85.3 | 92.1 | 72.7 |
| 2023 | 83.7 | 91.6 | 76.7 |
| 2022 | 83.5 | 97.4 | 74.6 |
| 2021 | 71.9 | 82.0 | 63.4 |
| 2020 | 88.9 | 125.9 | 69.5 |
| 2019 | 86.3 | 93.6 | 79.9 |
| 2018 | 81.2 | 86.6 | 75.7 |
| 2017 | 74.0 | 79.6 | 67.7 |
| 2016 | 73.4 | 83.5 | 65.6 |
| 2015 | 74.1 | 80.1 | 69.3 |
| 2014 | 66.9 | 76.1 | 60.5 |
| 2013 | 59.9 | 67.3 | 52.0 |
| 2012 | 53.8 | 59.0 | 48.1 |
| 2011 | 45.2 | 57.5 | 32.0 |
| 2010 | 61.9 | 71.0 | 46.0 |
| 2009 | 66.9 | 77.4 | 58.5 |
| 2008 | 60.7 | 84.3 | 47.7 |
| 2007 | 52.1 | 57.5 | 46.7 |
| 2006 | 52.8 | 62.3 | 43.6 |
| 2005 | 60.9 | 66.7 | 55.3 |
| 2004 | 61.6 | 68.4 | 51.0 |
| 2003 | 74.5 | 82.0 | 68.0 |
| 2002 | 67.6 | 74.5 | 59.8 |
| 2001 | 62.3 | 68.3 | 54.7 |
| 2000 | 56.6 | 60.0 | 55.0 |
What the gold/silver ratio shows
The ratio is the gold price per ounce divided by the silver price per ounce. A reading of 80 means one ounce of gold buys 80 ounces of silver.
Because silver is also an industrial metal and trades in a smaller market, it tends to move more than gold. The ratio often rises when markets are stressed and silver falls faster than gold, and falls when silver rallies more strongly than gold.
Some investors compare the ratio with its historical average to judge whether silver looks cheap or expensive relative to gold. This is one lens among many and the ratio can stay far from its average for years.
Frequently asked questions
What is a high or low gold/silver ratio?
A higher ratio means silver is cheaper relative to gold. The tables above show the highest and lowest daily readings in our data and yearly averages for context.
How is the ratio calculated?
Gold price per troy ounce divided by silver price per troy ounce, using daily closes of front-month futures for history and live spot prices for today’s value.
Does the ratio predict prices?
No. It describes relative value and has no reliable timing power. Treat it as context, not a signal.
Ratios are informational and are not trading signals. All ratios · Methodology · What the data shows about gold.