Gold-to-Silver Ratio History
The gold-to-silver ratio is how many ounces of silver it takes to buy one ounce of gold. Right now it's 66.5:1 (Jun 2026), versus a 58-year average of 59.2:1 — it has ranged from a low of 15.9:1 (Dec 1979) to a high of 115.5:1 (Mar 2020).
Today's ratio sits in the 59th percentile of its 1968→today range — historically a relatively high ratio, meaning silver is cheap relative to gold.
Ratio = LBMA gold fix ÷ LBMA silver fix, monthly, USD. A ratio of 80 means one ounce of gold buys 80 ounces of silver.
How investors use the ratio
Because the ratio is mean-reverting over long periods, many investors treat extremes as signals: when the ratio is unusually high, silver is historically cheap relative to gold (a setup some use to rotate from gold into silver); when it's unusually low, the reverse. It is a relative-value gauge, not a timing tool — the ratio can stay stretched for years.
Why the LBMA data matters
This chart uses the official LBMA London fix for both metals, monthly, back to 1968 — a continuous, free 58-year history that is increasingly hard to find since the public archives were withdrawn. It's the same benchmark used to price physical bullion worldwide.
Want to act on the ratio? Shop gold or silver bullion at live, spot-based prices, or see the full gold and silver price histories.