Silver-Gold Ratio

How many ounces of silver one ounce of gold buys — a long-watched relative-value gauge.

Definition

The number of ounces of silver required to purchase one ounce of gold. This ratio is used by investors to assess the relative value between silver and gold markets. Historically averages around 60:1 but can vary significantly based on market conditions.

In practice

The ratio has historically moved in a wide band, widening when investors are defensive and compressing in strong precious-metal markets. Silver equities tend to move more violently than the ratio itself.

See also

  • Silver Ounce Equivalent (AgEq) — A conversion metric used to express the value of polymetallic deposits in terms of silver ounces. AgEq calcula…
  • Precious Metals Basket — A portfolio or investment approach that includes multiple precious metals (gold, silver, platinum, palladium) …
  • Silver Grade (g/t) — The concentration of silver in ore, measured in grams per tonne (g/t) or ounces per ton (oz/t). Primary silver…

More finance terms

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