世界白银协会：2026年市场趋势报告-黄金与白银比率今天是否相关（英文版）

This quote from Karl Marx’s Das Kapital sums up the intertwined history of these two precious metals. Gold and silver are “by nature” money. They are not just commodities that are produced and consumed, like wheat, oil or copper. Even under fiat currency regimes gold and silver remain monetary assets and societies have often fallen back on them when paper money systems have foundered. Consequently, fluctuations in the gold:silver ratio not only derive from changes in these metals’ supply and