New Delhi, June 7 -- Silver has emerged as one of the best-performing asset classes for Indian investors over the past few years. Silver exchange-traded funds (ETFs) have delivered a three-year CAGR of more than 50%, while generating returns of over 13% so far in 2026.

The sharp rally has left many investors wondering whether silver still offers value or if the metal has already priced in most of the optimism.

One way to answer that question is through the gold-silver ratio, a widely tracked metric that compares the price of gold with that of silver and helps assess whether silver is relatively cheap or expensive.

Here's a closer look at what the ratio indicates and what it could mean for investors considering silver today.

The gold-s...