Quick answer
What this calculator tells you
The gold-silver ratio shows how many troy ounces of silver equal one troy ounce of gold at current spot prices.
Formula
Gold Silver Ratio Calculator formula
Gold-silver ratio = gold spot price per troy ounce / silver spot price per troy ounce.
Use cases
When to use it
- Compare relative gold and silver prices.
- Translate a gold holding into silver-equivalent ounces.
- Track whether silver is expensive or cheap relative to gold.
Limits
What to check before relying on the number
- The ratio is not a trading signal by itself.
- Physical premiums can make real swap ratios different from spot ratios.
- Taxes, spreads, and dealer fees matter when trading physical metals.
FAQ
Common questions
What does a gold-silver ratio of 70 mean?
It means one troy ounce of gold has the same spot value as about 70 troy ounces of silver before premiums and transaction costs.
Does this use physical coin premiums?
No. The calculator uses spot prices. Coins, bars, and rounds can trade above or below spot depending on market supply and demand.