Gold to silver ratio

Jan 1960 – Nov 12, 2026, Ounces of silver per ounce of gold, Monthly averages

Today: 77.8Nov 12, 2026
12 months ago: 81.0Nov 2025
10-year average: 80.5Since Nov 2016
Range since 1960: 16.7 – 111.7Jun 1968 · Apr 2020

Gold to silver ratio

Gold to silver ratio by year

Year	Average	Year end	High	Low
2026 through Nov 12	63.5	77.8	77.8	51.6
2025	88.1	69.1	101.0	69.1
2024	84.7	86.1	89.3	78.7
2023	83.1	84.8	87.0	80.0
2022	83.0	77.0	90.8	77.0
2021	71.8	79.5	79.5	66.3
2020	88.8	74.4	111.7	72.9
2019	85.9	86.3	90.4	82.7
2018	80.9	84.7	85.1	77.5
2017	73.8	78.2	78.2	68.8
2016	73.2	70.4	80.5	66.9
2015	73.9	76.1	76.3	71.2
2014	66.7	73.7	73.7	62.3
2013	59.7	62.1	65.2	53.7
2012	53.8	52.9	58.1	50.9
2011	45.0	54.1	54.1	34.7
2010	62.0	47.4	69.0	47.4
2009	67.0	64.3	76.2	60.5
2008	60.4	79.3	79.3	50.1
2007	52.0	56.2	56.2	47.8
2006	52.7	47.4	60.2	47.4
2005	60.9	59.1	64.0	58.9
2004	61.7	62.4	67.0	56.3
2003	74.6	72.3	78.7	72.1
2002	67.4	71.7	72.0	62.4
2001	62.0	63.1	67.0	57.0
2000	56.4	58.5	58.5	54.8
1999	53.5	54.9	57.4	48.8
1998	53.5	59.8	59.8	43.7
1997	68.0	49.4	74.5	49.4
1996	74.6	76.4	78.2	71.5
1995	74.1	74.8	82.2	69.3
1994	72.7	79.3	79.3	70.4
1993	84.0	77.1	90.4	77.1
1992	87.2	89.8	91.8	82.9
1991	89.5	91.8	97.3	83.5
1990	79.8	92.4	92.4	71.6
1989	69.4	73.5	73.5	65.5
1988	67.0	68.5	70.7	62.2
1987	64.5	71.4	74.1	54.4
1986	67.8	73.1	75.1	57.7
1985	52.0	55.0	55.0	49.4
1984	44.5	48.1	48.1	40.9
1983	37.3	42.4	43.3	33.5
1982	48.0	42.0	56.6	42.0
1981	44.3	48.5	48.5	37.7
1980	32.0	32.7	40.5	17.4
1979	29.7	20.3	36.7	20.3
1978	35.6	35.0	38.3	33.9
1977	31.9	34.0	34.0	29.9
1976	28.7	30.7	32.3	24.7
1975	36.5	34.1	42.1	31.9
1974	34.1	41.9	41.9	28.0
1973	38.0	34.0	45.9	32.3
1972	34.4	32.3	39.5	31.1
1971	26.7	31.3	32.5	22.6
1970	20.4	23.0	23.0	18.4
1969	23.0	19.4	25.8	19.4
1968	18.3	21.0	21.0	16.7
1967	23.3	17.0	27.1	17.0
1966	27.2	27.2	27.2	27.2
1965	27.2	27.2	27.2	27.2
1964	27.2	27.2	27.2	27.2
1963	27.4	27.2	28.3	27.2
1962	32.7	29.4	34.9	29.1
1961	38.3	34.2	38.7	34.2
1960	38.8	38.8	38.8	38.8

Ounces of silver per ounce of gold. Year end is December's average, and 2026's the close on Nov 12, 2026. High and low are the highest and lowest months.

About gold to silver ratio

On November 12, 2026, an ounce of gold bought 77.8 ounces of silver, with gold at $3,872 and silver at $49.78. A year earlier, in November 2025, it bought 81.0.

Its highest month was April 2020, at 111.7, and its lowest June 1968, at 16.7. It averaged 80.5 over the last 10 years and 55.5 since 1960.

A higher ratio means silver is cheap next to gold. Gold stayed near $35 an ounce until 1971, when the US stopped selling it for dollars, so in the 1960s the ratio moved with silver. Values are monthly averages, each month before 1968 its year's average, and the last is the latest close.