Gold silver ratio.

Answer

Ratio = gold price / silver price. At $2,000 gold and $25 silver the ratio is 80.0, so one ounce of gold buys 80 ounces of silver. Swapping 10 oz of gold into 800 oz of silver and back into gold at a ratio of 60 gives 13.33 oz of gold, 33.3% more.

Worked example

Gold $2,000.00 and silver $25.00 (examples, not quotes): ratio 2,000 / 25 = 80.0. 10 oz of gold buys 10 x 80 = 800 oz of silver. If the ratio later falls to 60, 800 / 60 = 13.33 oz of gold, a gain of 3.33 oz (33.3%).

How it works

Ratio = gold price per troy ounce / silver price per troy ounce. A swap converts gold ounces to silver ounces at the ratio, and a round trip converts silver ounces back to gold at the target ratio: gold after = gold x ratio / target ratio. If the ratio rises instead, the same arithmetic shows a loss in gold ounces.

What this is not. It ignores dealer premiums and spreads on both legs, which can be larger than the gain, and it assumes the ratio reaches the target, which no one can promise. Spot prices are entered by you. Silver also carries different storage, premium and tax treatment from gold, so check the rules where you live.

Sources and basis (checked 2026-10-05): Arithmetic on the definition of the ratio; no external data is used. Prices are entered by you.

FAQ

What is the gold silver ratio?

The number of troy ounces of silver that one troy ounce of gold is worth at spot prices.

How do I calculate it?

Divide the gold price per troy ounce by the silver price per troy ounce.

What does a swap show?

How many ounces of gold you would end up with if you traded to silver at today's ratio and back at a target ratio. It is a model, not a forecast.

Do premiums matter?

Yes. Buying and selling both cost a spread, and a large one can wipe out the gain from a ratio move. This tool shows the spot-only number.

Is a high ratio a buy signal?

This tool makes no recommendation. It only does the arithmetic on prices and ratios you enter.