Current Gold Silver Ratio Today: Live Analysis & Market Context
The gold-silver ratio tells you how many ounces of silver it takes to purchase one ounce of gold at current market prices. As of early 2026, the ratio hovers near 85:1, meaning gold is roughly 85 times more expensive than silver on a per-ounce basis. This single metric has been tracked by traders and monetary historians for centuries, from the ancient Roman empire fixing it at 12:1 to the U.S. Coinage Act of 1792 establishing a legal ratio of 15:1. Today the ratio floats freely based on supply, demand, industrial consumption, and macroeconomic sentiment, making it one of the most-watched relative value gauges in the precious metals market.
Understanding the current ratio matters because it provides immediate context about whether silver is relatively cheap or expensive compared to gold. When the ratio climbs above 80, it has historically signaled silver undervaluation; when it drops below 50, silver may be overextended relative to gold. During the 2020 pandemic spike, the ratio briefly touched 125:1 before silver staged a dramatic rally. In 2011, at the peak of the silver bull market, the ratio plunged to 32:1. These extremes show the ratio oscillates in wide ranges, but always mean-reverts over multi-year cycles, which is precisely why traders monitor it daily.
Use our calculator below to instantly compute today's gold-silver ratio from any pair of spot prices. Enter the current gold and silver prices to see the live ratio, or explore pre-loaded examples to understand what different ratio levels have looked like historically. Whether you are considering a first purchase of precious metals or rebalancing an existing allocation, the current ratio is your starting point for deciding which metal offers better relative value right now.
Key Data & Statistics
| Metric | Value |
|---|---|
| Current Gold Silver Ratio (approx.) | ~85:1 |
| Gold Spot Price (approx.) | $2,650/oz |
| Silver Spot Price (approx.) | $31.20/oz |
| 52-Week Ratio Range | 75 - 92 |
| 20-Year Average Ratio | ~68:1 |
| All-Time High Ratio | 125:1 (March 2020) |
| All-Time Low Ratio (modern) | 14:1 (January 1980) |
| Historical Mean (1900-2025) | ~55:1 |
Gold-Silver Ratio Examples
| Scenario | Gold Price | Silver Price | Ratio | Insight |
|---|---|---|---|---|
| Current Market (Early 2026) | $2,650 | $31.20 | 84.9:1 | Above the 20-year average of 68:1, suggesting silver is relatively undervalued compared to gold. |
| If Silver Rallies to $35 | $2,650 | $35.00 | 75.7:1 | Approaching the upper boundary of the normal range; silver gaining ground but still above historical mean. |
| If Gold Corrects to $2,400 | $2,400 | $31.20 | 76.9:1 | A gold pullback narrows the gap, but ratio remains elevated, indicating silver still offers relative value. |
| Balanced Ratio Scenario | $2,650 | $44.17 | 60.0:1 | A 60:1 ratio would represent fair value by some analyst models; silver would need a 40%+ rally from current levels. |
| Extreme Silver Squeeze | $2,650 | $66.25 | 40.0:1 | A ratio below 50 has historically been rare and short-lived, often coinciding with peak silver mania or industrial shortage. |
Calculate Gold-Silver Ratio
Who Uses This Calculator?
Daily precious metals pulse check
Quickly assess whether the relative pricing between gold and silver has shifted meaningfully from yesterday, giving you a snapshot of market sentiment before markets open.
Deciding which metal to buy today
When the ratio is historically elevated (above 80), some investors favor silver for its reversion potential. When low (below 50), they may favor gold for its stability.
Evaluating dealer premiums
Compare the spot ratio to the actual ratio you pay at a dealer after premiums. If the spot ratio is 85:1 but your effective purchase ratio is 95:1 due to higher silver premiums, that premium gap erodes the reversion trade.
Setting limit orders and alerts
Determine ratio thresholds where you want to act (e.g., buy silver when ratio crosses 90, swap silver for gold when it drops below 60) and use today's value as a baseline for alerts.
Frequently Asked Questions
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Investment Disclaimer
This calculator is for educational and informational purposes only and does not constitute financial or investment advice. Precious metals investments carry risk, including the potential for loss of capital. The gold-silver ratio is a historical metric and is not a guarantee of future price movements. Always consult a qualified financial advisor before making investment decisions.