New Delhi, Jan. 26 -- Silver prices have delivered an exceptional rally of more than 200% in the past 12 months, sharply outperforming gold price rise of 80%. This has positioned silver among the strongest-performing assets globally. This sharp outperformance of silver prices has led to a significant compression in the gold-silver ratio, which has declined from pandemic-era highs of around 127 to nearly 50 at the start of 2026.

According to analysts at Motilal Oswal Financial Services Ltd (MOFSL), this reset in the gold-silver ratio suggests that while the medium- to long-term outlook for precious metals remains constructive, the near-term risk-reward dynamics may now be shifting in favour of gold after silver's outsized rally.

"While w...