Gold-Silver Ratio
The gold-silver ratio divides a gold price per troy ounce by a silver price per troy ounce; it is a relationship, not a verified ratio futures contract.
Educational only, not a recommendation to buy or sell any contract or a solicitation to open an account. Futures and options trading involves substantial risk of loss. You can lose more than your initial deposit.
A relationship, not a listed ratio contract
No listed gold-silver ratio futures contract was verified on November 10, 2026. There is no ratio-product specification table here. GC, SI, and the smaller metals contracts have their own units, ticks, hours, settlement, and expiration rules.
Compare Gold Futures, Silver Futures, and Micro Gold, Micro Silver, and 1-Ounce Gold. A smaller listing changes exposure; it does not remove risk.
Worked ratio, tick, and 1% illustration
Hypothetical arithmetic only — not current prices, a projection, or a trading recommendation. If invented gold is $2,400 per ounce and silver is $30 per ounce, the ratio is 2,400 ÷ 30 = 80. Match currency, timestamp, and futures months before comparing real quotations.
One GC outright tick is $10; one SI outright tick is $25. A 1% gold move from $2,400 is $24 per ounce × 100 = $2,400 per GC. A 1% silver move from $30 is $0.30 per ounce × 5,000 = $1,500 per SI. Either can be a loss, and costs and slippage are excluded.
If gold rises 1% while silver is unchanged, the illustrated ratio becomes 2,424 ÷ 30 = 80.8. If both rise 1%, it remains 80. A one-to-one contract count does not give equal dollar exposure. Both legs can lose money; this is not a hedge ratio or a signal.
Margin and leverage
Margin is a performance bond, not the purchase price or a limit on loss. Exchange requirements and carrying-firm requirements can change; the firm may require more and may liquidate positions when requirements are not met. No margin dollar amounts are quoted here.
Official exchange product and margin information · Margin and Leverage in Futures
What moves the market
Gold and silver respond differently to monetary policy, investment flows, industrial demand, and supply. A changing ratio describes relative prices; it does not predict direction or define a mean-reversion trade.
Reading the Economic Calendar explains scheduled-release timing. Unscheduled news can also move prices; stops do not guarantee an exit price.
Rollover and expiration
GC, SI, and smaller contracts have separate expiry and settlement rules. Matching a ratio does not align delivery or last-trade deadlines; confirm each leg and month with the exchange.
A roll closes one contract month and opens another; spreads, costs, and execution risk remain. Firm deadlines may be earlier than exchange deadlines. See Contract Rollover, First Notice Day, and Last Trading Day.
Frequently asked questions
How is the gold-silver ratio calculated?
Divide gold and silver prices expressed in the same currency per troy ounce. Match observation time and identify the futures months used.
Is there a verified ratio futures contract?
No listed gold-silver ratio futures contract was verified on November 10, 2026. This is an educational price relationship, not a separate listed product.
Do one GC and one SI create equal dollar exposure?
No. GC is 100 ounces; SI is 5,000 ounces. Contract units and both prices determine dollar exposure, so a price ratio is not a hedge ratio.
Does trading both legs eliminate risk?
No. Both legs can generate losses, costs, margin calls, and execution or basis risk. The ratio is not a trading signal or a guarantee.
Talk it through, if that would help
Ask about contract mechanics or practicing with simulated funds. There is no obligation to open an account.
Demo accounts use simulated funds. Demo results do not reflect real trading and are not indicative of future results. Features, terms, and availability can change.
Drew Rathgeber, President
949-996-4611 · drathgeber@profuturestrader.com