Gold/Silver Ratio
Time Series
Formula
Gold/Silver Ratio = Gold Spot (USD/oz) / Silver Spot (USD/oz)
- Gold Spot – COMEX XAU/USD front settlement
- Silver Spot – COMEX XAG/USD front settlement
Why It Matters
The gold/silver ratio is one of the oldest macro relative-value signals in existence. Extreme readings (>80) historically coincide with deflationary fear or industrial demand collapse; compressed readings (<60) with reflation and solar/industrial silver demand surges. In de-dollarization regimes, silver often lags gold initially then catches up violently — making the ratio a timing tool for precious metals allocation.
Institutional Use
Commodity hedge funds and precious metals desks use the ratio for pair trades and regime confirmation. Central bank gold buying (structural bid) tends to widen the ratio before silver mean-reverts. GraphiQuestor tracks the live ratio on the De-Dollarization & Gold Lab.