PALLADIUM-SILVER RATIO · XPD/XAG · 2026
Palladium-silver ratio: how much silver for one palladium?
18.86 grams of silver = 1 gram of palladium
below the 1-year average
Computed from live world-market prices
▼ −36.36% over 1 year · the ratio fell: silver caught up with palladium
The palladium-silver ratio (palladium-silver ratio) shows how many units of silver you get for one unit of palladium, that is, which metal has become expensive relative to the other. The same figure answers the reverse question (silver-to-palladium ratio): the pair is quoted this way in both directions. Unit-independent: gram/gram and ounce/ounce give the same number.
Palladium-silver ratio chart
Price range
Palladium/Silver (XPD/XAG) price over 1Y: 29.64 XAG → 18.86 XAG (-36.36%). High 30.04 XAG, low 17.15 XAG.
Chart by TradingView Lightweight Charts™
Palladium / Silver ratio daily closes
| Date | Ratio | Change vs previous day |
|---|---|---|
Both legs are Goldtresor PriceEngine™ quotes, so the quotient is our own data. “Daily close” means our quote at 17:00 CET (18:00 Budapest time while summer time is on).
Palladium
SilverDownload the full series by year
The five days above come from the chart's daily closes. The yearly file is built from the Goldtresor Fix™, our daily reference price, instead: pick a year and get the ratio for every business day, with each metal's reference price alongside.
CSV · date, ratio, XPD and XAG price (USD per gram). Source: the Goldtresor Fix™, both legs are our own daily reference price.
How is it usually read?
High or low ratio
A high ratio means silver is cheap relative to palladium; a low one the opposite. Many use it to time a shift between the two metals, but the ratio can stay at a level for years, with no guaranteed reversion.
The thinnest and the broadest market
Palladium has the smallest market of the four precious metals, while silver has the broadest investor base. The ratio therefore compares two markets of very different liquidity, and palladium-side swings dominate it. Not a forecast.
Not investment advice, just how the metric is commonly read.
Rebalancing between palladium and silver
Both metals are available on a precious-metals account: you sell one and buy the other while your holdings stay in an insured vault. A one-step palladium↔silver swap is in development. Note: palladium and silver held with us sits in the Zurich free zone, so it trades VAT-free, VAT does arise on physical delivery.
Related rates
Metals and crypto measured against each other
All 15 pairs from live prices. Read it like this: 75.32 silver = 1 gold. Between two metals the ratio is unit-independent: gram to gram and ounce to ounce are the same. Crypto is counted per coin, and in a crypto–metal row the metal is in troy ounces.
| Pair | Ticker | Ratio |
|---|---|---|
| Metal / metal | ||
| Gold/silverXAU/XAG | XAU/XAG | 75.32 |
| Gold/platinumXAU/XPT | XAU/XPT | 2.64 |
| Gold/palladiumXAU/XPD | XAU/XPD | 3.99 |
| Platinum/silverXPT/XAG | XPT/XAG | 28.57 |
| Palladium/silverthis pageXPD/XAG | XPD/XAG | 18.86 |
| Platinum/palladiumXPT/XPD | XPT/XPD | 1.51 |
| Crypto / metal | ||
| Bitcoin/goldBTC/XAU | BTC/XAU | 19.90 |
| Ether/goldETH/XAU | ETH/XAU | 0.5773 |
| Bitcoin/silverBTC/XAG | BTC/XAG | 1,498.5 |
| Ether/silverETH/XAG | ETH/XAG | 43.48 |
| Bitcoin/platinumBTC/XPT | BTC/XPT | 52.45 |
| Ether/platinumETH/XPT | ETH/XPT | 1.52 |
| Bitcoin/palladiumBTC/XPD | BTC/XPD | 79.44 |
| Ether/palladiumETH/XPD | ETH/XPD | 2.30 |
| Crypto / crypto | ||
| Bitcoin/etherBTC/ETH | BTC/ETH | 34.46 |
Frequently asked questions
How many grams of silver one gram of palladium is worth. A high value means silver is cheap relative to palladium; a low value the opposite. The calculation is unit-independent: gram/gram and ounce/ounce give the same number.
