Gold & silver, in plain English
What gold and silver cost right now, how they have moved lately, and the funds and miners that follow them. Built for research, updated once a week from free public data.
Precious Metals Update
Published Thu Oct 29, 2026, 12:07 AM ET
This week gold fell 2.37% to $4,051.60 an ounce and silver fell 6.91% to $53.46 an ounce. The gold-to-silver ratio is 75.8, which means one ounce of gold buys 76 ounces of silver. Over the past month that number has grown, so silver has been getting cheaper next to gold. Among the gold and silver funds below, GLD did best this week (-1.44%) and SLV did worst (-6.12%). What to watch: the newest analyst report linked below, and whether silver's weekly move keeps pace with gold's in next week's update.
Written automatically from the real prices on this page — nothing here is a prediction. Not investment advice.
Prices
Gold ⓘSpot price: The price of gold or silver for immediate delivery — what one troy ounce costs right now. The prices on the Precious Metals page are COMEX futures prices, which track the spot price closely. Guide
$4,051.60 per troy ounce, as of 2026-10-28
| Period | Change |
|---|---|
| 1-week | -2.37% |
| 1-month | -2.80% |
| 3-month | +0.38% |
| 6-month | -11.18% |
| 1-year | +1.27% |
Updated 2026-10-28 · Source: Yahoo Finance (COMEX gold futures, GC=F)
Silver ⓘSpot price: The price of gold or silver for immediate delivery — what one troy ounce costs right now. The prices on the Precious Metals page are COMEX futures prices, which track the spot price closely. Guide
$53.46 per troy ounce, as of 2026-10-28
| Period | Change |
|---|---|
| 1-week | -6.91% |
| 1-month | -12.68% |
| 3-month | -7.61% |
| 6-month | -25.31% |
| 1-year | +12.02% |
Updated 2026-10-28 · Source: Yahoo Finance (COMEX silver futures, SI=F)
Gold-to-silver ratio ⓘGold-to-silver ratio: How many ounces of silver it takes to buy one ounce of gold (the gold price divided by the silver price). When the number is high, silver is cheap compared with gold; when it is low, silver is expensive compared with gold. Guide
75.8 as of 2026-10-28
One ounce of gold buys 76 ounces of silver right now. When this number is high, silver is cheap next to gold; when it is low, silver is pricey next to gold. Over the past month the ratio moved +11.31%.
Updated 2026-10-28 · Source: gold and silver prices above (Yahoo Finance)
Funds & miners
The biggest listed funds for following gold and silver. GLD and SLV hold the metal itself ⓘETF: An exchange-traded fund: a basket of investments you can buy and sell like a single stock. GLD and SLV hold physical gold and silver; miner ETFs hold shares of mining companies instead. Guide; the miner funds hold shares of mining companies ⓘMiner: A company that digs gold or silver out of the ground. Mining shares usually move more sharply than the metal itself, in both directions, because a miner's costs stay put while the metal price moves. Guide, and the “junior” funds hold smaller ones ⓘJunior miner: A small mining or exploration company, often still proving up its deposits. Juniors are the riskiest miners: their shares can multiply or collapse on drilling results and financing news. Guide.
| Ticker | Fund | Follows | Price | Change (1 week) |
|---|---|---|---|---|
| GLD | SPDR Gold Shares | Gold | $373.51 | -1.44% |
| GDX | VanEck Gold Miners ETF | Gold | $83.95 | -3.19% |
| GDXJ | VanEck Junior Gold Miners ETF | Gold | $104.42 | -3.78% |
| SLV | iShares Silver Trust | Silver | $49.06 | -6.12% |
| SIL | Global X Silver Miners ETF | Silver | $77.53 | -4.75% |
| SILJ | Amplify Junior Silver Miners ETF | Silver | $24.53 | -3.58% |
Updated 2026-10-29 · Source: Yahoo Finance
Analyst reports
The newest Oliver MSA Gold & Silver Market report we can find is dated October 25, 2026:
Read the report (PDF) on olivermsa.com ↗
We only link to it — the report is Oliver MSA's own work, published on their site.
Updated 2026-10-29 · Source: olivermsa.com
Learn the basics
Spot price. The price of gold or silver for immediate delivery — what one troy ounce costs right now. The prices on the Precious Metals page are COMEX futures prices, which track the spot price closely.
Troy ounce. The unit gold and silver are priced in. One troy ounce is about 31.1 grams — a little heavier than the regular ounce (28.3 grams) used for everyday things.
Gold-to-silver ratio. How many ounces of silver it takes to buy one ounce of gold (the gold price divided by the silver price). When the number is high, silver is cheap compared with gold; when it is low, silver is expensive compared with gold.
ETF. An exchange-traded fund: a basket of investments you can buy and sell like a single stock. GLD and SLV hold physical gold and silver; miner ETFs hold shares of mining companies instead.
Miner. A company that digs gold or silver out of the ground. Mining shares usually move more sharply than the metal itself, in both directions, because a miner's costs stay put while the metal price moves.
Junior miner. A small mining or exploration company, often still proving up its deposits. Juniors are the riskiest miners: their shares can multiply or collapse on drilling results and financing news.
COMEX. The New York exchange (part of CME) where gold and silver futures trade. Its front-month futures prices are the ones most often quoted as the 'spot' price of gold and silver.
Updated 2026-10-29 · Definitions: the Mustard Seed Investor Guide
Not investment advice. This page is information for research only, from free public sources that can be delayed or wrong. Prices are COMEX futures prices (the usual stand-in for spot), not a quote you can trade at. Nothing here is a recommendation to buy or sell anything. See the full disclaimer.