For the latest shared monthly observation, 2026-08, Gold was 4,411.00 USD per troy-oz and Silver was 65.40 USD per troy-oz. Latest shared monthly release. The chart indexes both series to 100 at their first shared date.
Gold and silver share precious-metal and bullion contexts, while silver also has substantial manufacturing uses. The comparison is useful for separating their percentage price paths; the gold–silver ratio answers the different question of how many silver ounces equal one gold ounce. Gold is commonly associated here with jewellery · investment · central bank reserves; Silver with solar cells · electronics · bullion.
Choose another pair to open its canonical comparison destination.
61 monthly observations · 2021-08-01 to 2026-08-01 · Starting value = 100
World Bank Pink Sheet. Ratios use aligned prices; yearly figures average monthly observations.
Gold vs Silver price comparison historical observations
Period
Gold index
Silver index
2026-08-01
247.11
272.50
2026-07-01
228.18
245.00
2026-06-01
236.86
277.92
2026-05-01
256.97
325.00
2026-04-01
264.48
316.25
2026-03-01
272.04
324.58
2026-02-01
281.23
341.25
2026-01-01
266.27
383.75
2025-12-01
241.40
259.58
2025-11-01
228.96
210.00
2025-10-01
227.34
205.83
2025-09-01
205.49
178.33
2025-08-01
188.68
159.17
2025-07-01
187.11
157.08
2025-06-01
187.84
150.00
2025-05-01
185.38
136.67
2025-04-01
180.28
134.17
2025-03-01
167.11
138.33
2025-02-01
162.18
134.17
2025-01-01
151.82
126.67
2024-12-01
148.35
128.33
2024-11-01
148.52
129.58
2024-10-01
150.70
135.00
2024-09-01
144.03
125.42
Gold and Silver: the monthly snapshot.
This snapshot uses the latest shared monthly observation and an initial five-year window, shortened when the common archive is smaller. It stays on that labelled basis when you explore another chart range above.
Gold · USD / troy-oz4,411.00
Silver · USD / troy-oz65.40
Shared observation month2026-08
Shared monthly observations61
World Bank Pink Sheet. Monthly averages; not executable transaction quotes.
From 2021-08 to 2026-08, the shared monthly window changed +147.11% for Gold and +172.50% for Silver. The endpoint difference was 25.39 index points. This describes the selected historical window, not a forecast.
Gold change over this window
+147.11% from 2021-08 to 2026-08.
Silver change over this window
+172.50% over the same observation dates.
What separates these markets?
Gold
Gold is traded as bullion, investment products and jewellery. Compare like-for-like purity and delivery terms before comparing prices.
Silver combines investment demand with industrial uses. A spot reference excludes the fabrication premium, delivery and taxes on physical coins and bars.
Both source series use USD per troy-oz. Matching units make the nominal figures easier to read together, but Gold and Silver still have separate specifications and markets.
Market context
Both sit in precious metals, yet their stated uses differ: Gold — Jewellery · Investment · Central bank reserves; Silver — Solar cells · Electronics · Bullion. A shared category does not make the products substitutes.
Shared history
The overlapping selectable frequencies are daily, monthly and yearly. Daily comparison is offered only when both stored series have daily coverage; otherwise monthly observations provide the common basis.
Key relationships in plain English
These subject–relationship–object facts keep the two commodities, their units and the chart method separate.
Semantic relationships between Gold and Silver
Subject
Relationship
Object
Why it matters
Gold
is published in
USD per troy-oz
Read gold in its original source unit before converting it.
Silver
is published in
USD per troy-oz
Read silver in its original source unit before converting it.
Gold
is used in
Jewellery · Investment · Central bank reserves
These uses provide context for gold demand; they do not explain every price move.
Silver
is used in
Solar cells · Electronics · Bullion
These uses provide context for silver demand; they do not explain every price move.
Gold versus Silver
is aligned on
61 shared monthly observations from 2021-08 through 2026-08
The chart compares matching dates and gives both series a starting index of 100.
Gold as a reference, a material and a finished product
Gold can be compared in several different forms: a fine-metal reference, a bullion bar or coin, and a jewellery item. The number on this page describes the underlying reference series. It does not include the fabrication premium on a small bar or the design and retail costs of jewellery. Start with fine-metal content when comparing those products, then account for the costs of the transaction.
Currency and financing conditions: Gold references here originate in US dollars. A local-currency price can change because of the metal price, the exchange rate, or both. Financing conditions and the opportunity cost of holding a non-income-producing asset are also useful context; they do not provide a mechanical price forecast.
Separate silver content from the product premium
Silver price comparisons become more useful when the metal reference and the physical product are kept separate. A coin, a large bar and recovered industrial silver can have different fabrication, distribution and recovery costs. The historical reference provides context; fine weight and an actual offer determine the transaction calculation.
Fabrication and industrial use: Silver appears in electrical and solar applications as well as jewellery and bullion. Changes in manufacturing requirements can affect demand differently from changes in investment holdings.
Interpretation for this pair. Gold and silver share precious-metal and bullion contexts, while silver also has substantial manufacturing uses. The comparison is useful for separating their percentage price paths; the gold–silver ratio answers the different question of how many silver ounces equal one gold ounce. Gold is commonly associated here with jewellery · investment · central bank reserves; Silver with solar cells · electronics · bullion. The chart uses only dates present in both series and starts each at 100. Missing observations are omitted rather than filled with zero.
When this comparison is useful.
Gold and silver share precious-metal and bullion contexts, while silver also has substantial manufacturing uses. The comparison is useful for separating their percentage price paths; the gold–silver ratio answers the different question of how many silver ounces equal one gold ounce.
Two ways to compare
The indexed chart compares percentage movement from a shared date. The separate ratio chart divides aligned prices. A rising silver line and a falling gold–silver ratio can therefore describe the same period from different angles.
Physical products add costs
Coins and bars can carry different fabrication, distribution and dealer premiums. Compare reference series here, then use actual product prices when evaluating a purchase or sale.
What the chart cannot establish
Shared movement does not prove that one metal caused the other to move. Investment flows, fabrication demand and available supply differ between the two markets.
Questions about gold and silver.
What did the shared Gold and Silver window show?
From 2021-08 to 2026-08, the shared monthly window changed +147.11% for Gold and +172.50% for Silver. The endpoint difference was 25.39 index points. This describes the selected historical window, not a forecast. Change the chart range to test another starting point; the labelled monthly snapshot keeps its own initial window.
Which Gold and Silver frequencies overlap?
The overlapping selectable frequencies are daily, monthly and yearly. Daily comparison is offered only when both stored series have daily coverage; otherwise monthly observations provide the common basis.
Can Gold and Silver price levels be compared directly?
Both source series use USD per troy-oz. Matching units make the nominal figures easier to read together, but Gold and Silver still have separate specifications and markets. The indexed view answers how each stored reference moved from a shared starting date; it does not calculate a transaction return.
What should I check before comparing Gold and Silver?
Both sit in precious metals, yet their stated uses differ: Gold — Jewellery · Investment · Central bank reserves; Silver — Solar cells · Electronics · Bullion. A shared category does not make the products substitutes. Also confirm the observation date, grade or purity, delivery terms and costs that apply to the actual product.