Not only is gold worth significantly more per ounce than silver, but it's also the denser of the two metals, making a specific volume of gold worth much more than an equal volume of silver. Gold is also more valuable than silver because it is available in much smaller quantities than silver. It is estimated that all the gold that has been mined throughout history and that has not yet been mined can fit in just over three Olympic-sized swimming pools with a total of 244,000 metric tons. Compare that to silver, which has approximately 1.74 million metric tons that have been mined to date, not including what has not yet been mined.
The following 100-year chart shows that the ratio between gold and silver shows that it moved below 20 three times in the past century. The lowest point was reached in January 1980, when the ratio fell below 15 (more on that later). Silver, the global sensation in 1919-1920 — January 24, 1920, the Mohave County miner and our mineral wealth. Kingman (Arizona) The best-known precious metals are gold and silver, however, there is a feeling that gold is more valuable than silver and with good reason.