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Gold/Silver Ratio
How many ounces of silver buy one ounce of gold, computed from the gold and silver SPOT prices (not futures). A high ratio suggests silver is cheap relative to gold; a low ratio the reverse.
7/15/2026, 2:09:22 AM
About this data
The gold/silver ratio is the price of one troy ounce of gold divided by the price of one troy ounce of silver, both measured from spot prices. If gold trades at $4,200 per ounce and silver at $60, the ratio is 70:1 — it takes 70 ounces of silver to buy one ounce of gold. A rising ratio means gold is outperforming silver; a falling ratio means silver is catching up.
Computed from gold (XAU/USD) and silver (XAG/USD) spot prices, refreshed every 5 minutes during market hours. Upstream feeds may be delayed 15–20 minutes.
Frequently asked questions
- How is the gold/silver ratio calculated?
- Divide the spot price of gold by the spot price of silver. WatchGold uses spot prices for both legs, not futures settlements, so the ratio matches what physical and OTC markets quote.
- What is a normal gold/silver ratio?
- In the modern free-float era the ratio has mostly moved between 50:1 and 80:1. It spiked above 120:1 in March 2020 and fell below 20:1 in 1980; readings far outside the recent range flag unusual relative valuation.
- Is the gold/silver ratio a buy or sell signal?
- Not by itself. It describes relative valuation, not direction. Traders combine it with positioning data such as the COT report, the futures term structure and macro drivers before acting.