Gold/Silver Ratio

The ratio tells you how gold and silver are performing relative to each other, not just in absolute price. A rising ratio means gold is outperforming silver (or silver is falling faster); a falling ratio means the opposite. Over the last few decades the ratio has broadly traded in a wide band roughly between the 50s and 100s, with readings toward the high end sometimes read as silver being "cheap" relative to gold, and vice versa toward the low end — though the range itself has shifted over long periods, so treat this as context, not a fixed rule.