The ratio between their prices more than doubled from the 1960s to the period 2000–2015 and has remained at a high level since 2016. As of December 2024, this ratio was 42% higher than the 2000–2015 average.
However, in 2025, the situation changed. From the beginning of the year to October, silver has risen in price by 69%, overtaking gold, whose price rose by 53% over the same period.




