Gold-silver ratio: how many ounces of silver does an ounce of gold cost?
Gold-silver ratio as a gauge: how many ounces of silver one ounce of gold costs, with a historical range from 17 (1980) to 127 (2020).
Gold-silver ratio: how many ounces of silver does an ounce of gold cost?
The ratio between the two prices swings widely — from as little as 15.9 at the silver peak (12/1979) to 116 in the Covid crash (03/2020). A high reading means you get many ounces of silver for one ounce of gold — silver is then cheap relative to gold.
Calculated live from our own price data (gold price ÷ silver price, USD per ounce). The extremes come from the same series on a monthly basis and go back to 1968; on a daily basis they can be a little wider still. The long-run average is roughly 50–70. The ratio is a valuation measure, not a buy or sell recommendation.
Where the numbers come from
This chart is calculated from our own price recordings. The current price in it is updated every minute during trading hours; the longer series are recalculated twice a day.
- our own measurement Our own exchange rates (EUR/USD and others) — new values every trading day
- our own measurement Our own daily closing prices for the metals — new values every trading day
- our own measurement Our own minute-by-minute prices for the current day — new values every minute
The Chart view shows the most recently calculated state. The Image version — including the one for sharing and downloading — is a still image generated nightly at 02:30. Last generated on 09/11/2026 at 02:59.
Using this chart
You may embed and pass it on freely — in articles, presentations and on social media — as long as PreciousMetalPrices.com is named as the source and linked to this page. The share button at the top right provides the version with logo and QR code; the switch beside it toggles between the interactive chart and the image.
