Shows the gold price from 1973 to present.
The big run-up in the price of gold took place between 2002 and 2011.
Shows the silver price from 2004 to present.
Like gold, a big run-up took place during the same time period.
Excerpts from the above article:
For the whole of the 20th century, the average gold-silver ratio was 47:1.
In the 21st century, the ratio has ranged mainly between the levels of 50:1 and 70:1, breaking above that point in 2018 with a peak of 104.98:1 in 2020.
The lowest level for the ratio was 35:1 in 2011....
The highest the gold-silver ratio has been in recent history was in April of 2020, following the onset of the COVID-19 pandemic, when the price of gold outpaced silver by more than 125:1.
The long-run average gold/silver ratio is around 65:1 since the 1970s when the gold standard was abandoned....
If we assume a gold price of roughly $2,000.00 and a silver price of around $25.00, the current gold to silver ratio would be 80:1 which, if you're using the time period from 1973 or the 21st century to present as a guide, would imply that silver is currently somewhat underpriced relative to gold and may represent a better value at this time.