Gold vs Silver
Live gold/silver ratio and prices side by side, with the key differences between the two precious metals.
Gold $4,072.10/oz · silver $52.07/oz · updated 2026-11-07 00:22 UTC
Side by side (USD)
| Unit | Gold (24K) | Silver (999+) |
|---|---|---|
| Per gram | $130.92 | $1.67 |
| Per troy ounce | $4,072.10 | $52.07 |
| Per kilogram | $130,921 | $1,674.12 |
Spot price: gold-api.com (gold-api.com, fallback Swissquote public quotes) · exchange rates: ExchangeRate-API (daily, last update 2026-11-06 00:02 UTC). Refreshed about every 15 minutes; spot markets close at weekends, when the last traded price is shown.
Gold/silver ratio chart
Weekly gold spot ÷ silver spot via TradingView.
How they differ
| Gold | Silver | |
|---|---|---|
| Main demand | Investment, central banks, jewellery | Industry (solar, electronics), investment, jewellery |
| Volatility | Lower | Higher |
| Supply | Mostly primary gold mines | Mostly a by-product of lead, zinc, copper and gold mines |
| VAT on bullion (UK/EU) | Investment gold exempt | Standard rate applies |
| Storage | High value per volume | Bulky for the same value |
What the ratio tells you
The ratio measures relative value, not direction. When it rises, gold is outperforming silver; when it falls, silver is outperforming. Some investors switch between the two when the ratio reaches levels they consider extreme, while others use it as a sentiment gauge: a rising ratio often accompanies economic worry, because silver's industrial demand suffers more in a slowdown.
J.P. Morgan noted that the ratio fell below 45 in late January 2026 and returned to around 70 by mid-2026, and that the modern average has been roughly 55-70, with an all-time high of 125.1 during the COVID-19 pandemic (J.P. Morgan, 13 Aug 2026). Read our full gold-to-silver ratio guide, and see the gold and silver price pages.
Frequently asked questions
What is a high gold/silver ratio?
There is no fixed threshold. J.P. Morgan describes the modern average as roughly 55-70; readings well above that mean silver is cheap relative to gold by historical standards, though the ratio can stay high for long periods.
Is silver a better investment than gold?
Neither is better in general. Silver is more volatile and more tied to industry; gold is steadier and more of a monetary asset. This page is not advice.
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Not financial advice. Prices are indicative spot values for information and education only, not an offer to buy or sell. Dealer, jeweller and bank prices include premiums, spreads, making charges and local taxes, so the price you pay or receive will differ. See our disclaimer.
Page updated 2026-11-07 · Site built 2026-11-08 02:07 UTC