Gold-Silver Ratio
The gold-silver ratio tells you how many troy ounces of silver it takes to buy one troy ounce of gold at current spot prices.
How to Calculate It
Divide the gold spot price by the silver spot price. If gold is $2,350 and silver is $28.50: 2,350 ÷ 28.50 = 82.5.
Historical Range
- Ancient Rome: 12:1 to 16:1
- 20th century average: ~47:1
- March 2020 (COVID panic): ~125:1 — extreme outlier
- Recent range (2022–2025): 75:1 to 95:1
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