Gold at $4995, Silver at $75: Ratio at 66.73 – Mean Reversion Calling?

Presently, in mid-February 2026, the gold-silver ratio—which indicates how many ounces of silver are required to purchase one ounce of gold—stands at about 66–67. This shows a drop from recent highs near 80, mostly caused by silver's better performance driven by strong industrial demand in sectors including solar energy, electronics, and green technologies. Modern ratios range from 40–100, with a long-term average of around 60–70. Usually, it broadens during times of economic uncertainty when gold serves as a preferred safe-haven asset; it narrows when silver picks up traction from cyclical industrial recovery and economic growth.

According to the most recent data, the ratio is about 66.73; silver trades near $75/oz (implied) and gold at about $4,995/oz. Though still marginally above the 50-year average of about 68, this level signals a slight pullback from prior 2026 peaks, underlining silver's continued relative resilience even as both metals show volatility in light of bigger market dynamics.

Typical trading systems include mean-reversion approaches such the 80/60 rule: investors often buy silver (or rotate from gold into silver) when the ratio exceeds 80, seeing silver as undervalued and ready for a potential catch-up rally; conversely, they favor gold when it dips below 60. Positions in the neutral 60–80 band are generally kept or carefully monitored. By going long gold/short silver at low ratios or reversing at highs, active traders can also take advantage of extremes using futures or ETFs to maximize allocation and record relative outperformance between the two precious metals.