---
title: "Gold-Silver Ratio | ProFuturesTrader"
url: https://profuturestrader.com/education/futures-markets/gold-silver-ratio
description: "Understand the gold-silver ratio using GC, SI, and smaller metals futures: units, sizing, hypothetical arithmetic, and risk."
lang: en
---

Precious Metals Futures

# 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 (https://profuturestrader.com/education/futures-markets/gold-futures), Silver Futures (https://profuturestrader.com/education/futures-markets/silver-futures), and Micro Gold, Micro Silver, and 1-Ounce Gold (https://profuturestrader.com/education/micro-metals-gold-silver-1oz). 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: https://www.cmegroup.com/markets/metals/precious/gold.contractSpecs.html
·
Margin and Leverage in Futures: https://profuturestrader.com/education/margin-and-leverage

## 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 (https://profuturestrader.com/education/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 (https://profuturestrader.com/education/contract-rollover).

## 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.

28-day demo: https://profuturestrader.com/demo
Platforms: https://profuturestrader.com/platforms

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 (9499964611) · drathgeber@profuturestrader.com

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