Why gold is worth more than silver?

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There are historical and modern reasons:
  • Gold is non-reactive with other chemicals so it retains its color. Yet silver blackens, which has undesired effects.
  • Gold has a unique color unlike other metals do. So people are fond of it and this has created more demand for it.
  • Gold is rarer than silver and this is the main reason. When there is less supply of something and higher demand on it, then the price will be higher.
Also because there are a lot more silver than gold on earth. On average, silver exists at a 17:1 ratio versus gold in the Earth’s crust.

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