Why is gold worth more than silver?


Quick Answer

Gold is typically worth more than silver because it is in higher demand among several markets, according to JM Bullion. Gold is used more for fashion jewelry, viewed as more of a viable currency than silver and is more desirable to investors and central banks, as of 2015.

Continue Reading
Why is gold worth more than silver?
Credit: Dimitri Otis The Image Bank Getty Images

Full Answer

Though there is significantly more gold available above ground than silver, gold has consistently maintained a value advantage over silver throughout recent history, JM Bullion explains. Gold is the denser of the two metals and has a higher price per ounce, so any volume of gold is worth exceptionally more than the same physical amount of silver. The gold-to-silver ratio measurement gauges how each metal is performing over time. From January 1995 to January 2015, gold peaked over silver at 85.73 to 1, as reported by Goldprice.org.

Learn more about Currency & Conversions

Related Questions