As of today (November 1, 2025), one troy ounce of gold trades at approximately US $4,017.50. Meanwhile, silver is trading at roughly US $48.92 per troy ounce. (source www.apmex.com)

That puts the gold-to-silver ratio (GSR) at about 82:1 (4,017.50 ÷ 48.92 ≈ 82).

What does history say?

Long-term data suggest the GSR has averaged in the 65:1 to 70:1 range in recent decades. One source indicates a 20-year mean of about 70.3 with a standard deviation of ~14.3.

With today’s ratio near 82, that places it significantly above the long-run mean — a region where silver has shown potential for relative strength.

What if the ratio reverted to the mean?

If gold stays level at ~US $4,017.50 and the ratio moved back to a more “normal” number— say 65:1 — then the silver price would be:

Silver price = 4,017.50/65 =  US$61.80

That would imply a move from ~US $48.92 to approximately ~US $61.80 — about a 26% upside, purely based on relative valuation, all else being equal.

If one uses a slightly higher benchmark average (say 70:1), the implied silver price would be around US $57.39 (4,017.50 ÷ 70).

Why this matters:

• The ratio acts as a relative value gauge –> when it is elevated (many ounces of silver per ounce of gold), it can signal that silver is undervalued relative to gold.
• A high ratio does not guarantee immediate movement (Markets can remain “stretched” for extended periods)
• Other fundamentals matter: silver has both monetary / precious-metal characteristics and significant industrial demand; gold is more a pure store of value. So supply/demand shifts, macro conditions, and investor inflows/outflows will still determine outcomes (not to mention the known rigging of the precious metals markets)

What does this mean for the reader?

The current gold-to-silver ratio is materially above its historical average.

If history is any guide and reversion occurs, silver could benefit — not from silver being “cheap” in absolute terms, but from an improvement in its valuation relative to gold.

At time of publication the Gold Price was $4,013 per ounce and the Silver Price was $56.54 per ounce