Gold/silver ratio
How many troy ounces of silver one troy ounce of gold buys: the gold price divided by the silver price, from GoldTrack’s daily reference prices since 2017.
Latest full day: 71.96 on , so one troy ounce of gold bought about 72 troy ounces of silver.
| Year | Average | Low | High | Close |
|---|---|---|---|---|
| 2026 (to date) | 63.35 | 45.39 | 73.21 | 71.96 |
| 2025 | 87.96 | 58.11 | 104.78 | 58.37 |
| 2024 | 84.77 | 73.12 | 91.77 | 88.34 |
| 2023 | 83.18 | 75.92 | 91.24 | 86.59 |
| 2022 | 83.22 | 75.28 | 95.42 | 76.22 |
| 2021 | 71.86 | 63.97 | 81.14 | 77.46 |
| 2020 | 88.84 | 69.49 | 122.28 | 71.64 |
| 2019 | 85.98 | 79.00 | 93.51 | 84.84 |
| 2018 | 80.96 | 75.91 | 86.30 | 82.65 |
| 2017 | 73.79 | 67.42 | 79.76 | 76.22 |
Gold/silver ratio FAQ
What is the gold/silver ratio today?
The gold/silver ratio was 71.96 on October 19, 2026, the latest full day: one troy ounce of gold was worth about 72 troy ounces of silver. The home page shows the live ratio.
What is the highest and lowest gold/silver ratio since 2017?
Since 2017, the ratio peaked at 122.28 on March 18, 2020 and was lowest at 45.39 on January 27, 2026, based on daily reference prices.
What does a high gold/silver ratio mean?
A high ratio means silver is cheap relative to gold: an ounce of gold buys more silver than usual. A low ratio means silver is expensive relative to gold. Some investors use the ratio to decide which metal to hold, but it says nothing certain about where either price goes next.