Silver Rises Over 120% YTD 
The gold-silver ratio represents how many ounces of silver it takes to purchase one ounce of gold. For example, if gold is at $2,920 per ounce and silver is at $32.20 per ounce, the ratio would be approximately 90:1 (2920 ÷ 32.20 = 90.68).
Traders often use this ratio as a tool for understanding relative value and potential trading opportunities. When the ratio is historically high (above 80:1), some traders view silver as undervalued relative to gold and consider buying silver while selling gold. Conversely, when the ratio is low (below 50:1), they might buy gold and sell silver.
Historically, the ratio has varied significantly – from about 15:1 in ancient times (when it was often fixed by decree) to over 100:1 in modern markets. During times of economic uncertainty, the ratio tends to rise as gold often outperforms silver due to its stronger safe-haven appeal. Conversely, during periods of industrial growth and economic expansion, the ratio typically falls as silver’s industrial demand increases.
