Silver to Platinum Ratio for Last 5 Years
|5 Year High||0.01989|
|5 Year Low||0.01277|
|5 Year Change||+0.00424 (+29.47%)|
Silver : Platinum Ratio
The silver : platinum ratio is calculated by dividing the silver price by the platinum price, and shows us silver's value relative to platinum. The higher the figure on the chart, the closer the silver price is to platinum. As the most common of the precious metals, silver has always been considerably less expensive than platinum, although the extent to which this is true can fluctuate.
5 Year Ratio
Although the ratio has decreased in the last five years, it is still at a relatively high level compared to its historical average, mainly due to a sustained dip in the price of platinum. Since 2011 the ratio has ranged between around 0.025 and 0.013. To put this into perspective, in April 2011, when the ratio was at its highest point, a silver bar was worth approximately 40 times less than a platinum bar. At its lowest point in the last five years, at 0.01278, silver was around 78 times cheaper. Given that the ratio had previously hovered below 0.0, making silver more than 100 times cheaper, one could argue that platinum has been undervalued for the last five years.