The gold-to-silver ratio — the number of silver ounces required to purchase one ounce of gold — has fallen to 83 from its 2024 peak above 95. Historically, ratios at these levels have preceded periods of silver outperformance.
Long-term mean is approximately 65 since 1990, with extremes ranging from 32 in 1980 to 125 during the March 2020 panic. Technical traders argue the current setup favors silver, particularly if industrial activity accelerates in H2 2026.
For portfolio allocation, advisors generally recommend holding 60-70% gold and 30-40% silver within the precious-metals sleeve, though active investors may tilt heavier toward silver during periods of ratio compression.