How it is calculated
Gold price per troy ounce ÷ silver price per troy ounce. The chart aligns dates before dividing, so it does not combine observations from different periods.
Gold–silver ratio chart and history.
The gold–silver ratio divides aligned gold and silver prices per troy ounce. It shows how many silver ounces have the same reference value as one gold ounce.
61 monthly observations · 2021-08-01 to 2026-08-01
World Bank Pink Sheet. Ratios use aligned prices; yearly figures average monthly observations.
Inspect the observations.
Download base USD series ↓| Period | Gold / silver ratio |
|---|---|
| 2026-08-01 | 67.45 |
| 2026-07-01 | 69.27 |
| 2026-06-01 | 63.39 |
| 2026-05-01 | 58.81 |
| 2026-04-01 | 62.20 |
| 2026-03-01 | 62.34 |
| 2026-02-01 | 61.29 |
| 2026-01-01 | 51.61 |
| 2025-12-01 | 69.17 |
| 2025-11-01 | 81.09 |
| 2025-10-01 | 82.15 |
| 2025-09-01 | 85.70 |
| 2025-08-01 | 88.17 |
| 2025-07-01 | 88.59 |
| 2025-06-01 | 93.14 |
| 2025-05-01 | 100.88 |
| 2025-04-01 | 99.94 |
| 2025-03-01 | 89.85 |
| 2025-02-01 | 89.91 |
| 2025-01-01 | 89.14 |
| 2024-12-01 | 85.97 |
| 2024-11-01 | 85.24 |
| 2024-10-01 | 83.02 |
| 2024-09-01 | 85.42 |
What does the gold–silver ratio show?
The gold–silver ratio is the gold reference price per troy ounce divided by the silver reference price per troy ounce for the same date. A ratio of 80 means one troy ounce of gold has the same reference value as 80 troy ounces of silver.
How to read a change
A rising ratio means gold gained value relative to silver over the selected observations. A falling ratio means silver gained value relative to gold.
What it does not include
The ratio excludes dealer premiums, taxes, storage, transaction costs and differences between physical products. It is a comparison of reference series.
Use the gold versus silver comparison to inspect indexed percentage movements, then open the separate gold and silver pages for source units and timestamps. Read the gold–silver ratio guide or test transaction assumptions with the ratio calculator.
Historical averages are not live transaction quotes. Prices exclude inflation adjustments and transaction costs. Read the chart guide →