Where Data Tells the Story
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Silver prices have generally tracked gold over the past six decades, though gold has outperformed for much of that period. The gold-to-silver price ratio more than doubled from the 1960s to the 2000–2015 period and has remained elevated since 2016—standing 42% above its 2000–2015 average as of December 2024. In 2025, however, the trend reversed: silver prices surged 69% year-to-date through October, outpacing gold’s 53% gain.