One ounce of gold. How much silver?
Explore monthly prices, replay turning points, and calculate the cost of exchanging metals.
Silver ounces equal in price to one gold ounce.
From Sep 2016 to Aug 2026, silver rose 237.1% and gold rose 232.4%. Their price ratio moved from 68.4:1 to 67.4:1.
Historical ratio swings
Choose a period, then replay the chart.
How long did high ratios last?
Across 1960-01–2026-08, 106 of 800 observed months were strictly above 80:1. The longest complete run lasted 34 months (Sep 1990–Jun 1993).
The full-data count includes boundary runs; only a run with observed months before and after it is called complete.
Gold–silver exchange calculator
Compare the theoretical exchange with the metal left after costs. Prices start at Aug 2026 averages; replace them with your own quotes.
67.446 oz before costs. 4.496 fewer ounces after costs.
Inputs stay in your browser. These are hypothetical prices and fees. Taxes, shipping or other charges are included only if you enter them.What silver price would a different ratio imply?
What the ratio measures
The ratio is the gold price divided by the silver price, using the same weight and period. At 80:1, one ounce of gold has the same reference price as 80 ounces of silver.
A high reading does not guarantee that silver will rise or that the ratio will return to its past median. The selected time window matters, and earlier observations span different monetary systems.
Physical exchange rates also depend on the products you own and the prices dealers actually offer. Use the calculator as a scenario, not a trading instruction.
Sources, downloads & how the numbers work
World Bank Pink Sheet monthly gold and silver prices, Jan 1960–Aug 2026. Prices are nominal U.S. dollars per troy ounce. Updated on September 02, 2026. Reused under CC BY 4.0.
Inflation adjustment uses BLS CPI-U, all items, U.S. city average, not seasonally adjusted (CUUR0000SA0), with Aug 2026 as the base month. Missing CPI observations remain gaps. A ratio of monthly average prices is not an average of daily ratios. These are historical observations, not executable quotes or forecasts.