How to read the gold/silver ratio

Gold silver ratio formula: a worked example

These are hypothetical teaching figures, not current quotes. If gold is $2,400 per troy ounce and silver is $30 per troy ounce, the ratio is 2,400 ÷ 30 = 80. One ounce of gold has roughly the same reference value as 80 ounces of silver; this does not promise an executable exchange.

Use the same currency, weight unit, comparable quote times and compatible instruments for both prices. Do not divide Taiwan gold in TWD per qian by silver in USD per ounce. A higher ratio does not necessarily mean gold rose: unchanged gold and falling silver also increase the ratio.

Reading high vs low

A rising ratio means one ounce of gold buys more ounces of silver — gold looks expensive versus silver. A falling ratio is the opposite. Historical extremes describe statistics; they do not guarantee mean reversion.

The site uses international futures references (e.g. GC and SI). Days missing gold or silver are omitted, never filled. Long-range charts may use weekly paired closes for readability without rewriting prices.

Relation to Taiwan qian and recycling

The ratio lives in the USD/oz world. Taiwan qian, jewelry theory and recycle estimates still need their own FX and purity steps — you cannot read a TWD trade price from the ratio alone.

For TWD gold, use today’s gold price and jewelry pages; for silver and other metals, use COMEX and global quotes.

News caveats

Industrial demand, mine supply and macro hedging can move gold and silver differently, shifting the ratio. News adds context; ratio trading is out of scope and not advice.