The gold-silver price ratio has climbed to around 60 in early January 2026, reflecting ongoing momentum in precious metals markets as both gold and silver continue to attract investor interest following a robust performance in 2025. In international trading, gold was priced at approximately USD 4,345.50 per ounce, while silver stood at about USD 71.30 per ounce, driving the gold-to-silver ratio to current levels.
The gold-silver ratio – a key gauge used by commodity investors to assess relative value between the two metals – is widely monitored to help inform investment timing. Analysts use 80 as a historic pivot point; when the ratio is below that mark, silver is seen as relatively strong, and above it, gold typically outperforms. At around 60, the ratio indicates silver’s recent outperformance relative to gold, driven in part by strong industrial demand and price gains during the past year.
Market strategists are offering divergent views on whether this remains an opportune time to invest in gold or silver. Some experts argue that the current ratio and price dynamics make gold more attractive for portfolio diversification, particularly as investors look to hedge against inflation, currency pressures and geopolitical uncertainties. Meanwhile, silver’s dual role as both an investment and an industrial metal continues to underpin interest, even though forecasts vary on short-term volatility and possible corrections.
The ongoing rally in precious metals was supported by broader market conditions, including expectations of central bank rate cuts and continued demand from institutional and central bank buyers. Analysts say these factors could sustain elevated bullion prices in the near term, though investors should remain mindful of potential price swings and shifts in the macroeconomic backdrop.