What is the Platinum/Silver ratio?
The platinum-to-silver ratio compares these precious metals with different market dynamics. Platinum is primarily industrial while silver has both industrial and investment demand.
As of September 28, 2026, the platinum to silver ratio is 28.3, meaning one ounce of platinum buys 28.3 ounces of silver. Platinum trades at $1,729.25 per ounce and silver at $61.09 per ounce. Over the past 52 weeks the ratio has ranged from 22.5 to 34.4.
The platinum to silver ratio is the price of platinum divided by the price of silver. At the latest snapshot: $1,729.25 divided by $61.09 = 28.3.
Platinum to Silver Ratio
Compare the relative value of assets over time
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Platinum
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XAG
Silver
Current Ratio
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Period Low
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Period Average
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Platinum/Silver Ratio
Historical ratio over selected time period
About the Platinum to Silver Ratio
Why is this ratio important?
Changes in this ratio can reflect shifts in automotive industry health (platinum demand), electronics/solar demand (silver), and relative investment flows between these metals.
Frequently Asked Questions
What does the platinum to silver ratio show?
The ratio tells you how many ounces of silver one ounce of platinum is worth. Since platinum is typically more expensive per ounce than silver, the ratio is usually well above 1.