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Access Bangalore Silver (XAG-BANG) Historical Prices via this API

Access Bangalore Silver (XAG-BANG) Historical Prices via this API

Access Bangalore Silver (XAG-BANG) Historical Prices via this API

Access Bangalore Silver (XAG-BANG) Historical Prices via this API

In today's fast-paced digital economy, the demand for accurate and real-time data is paramount, especially in the metals market. Silver, represented by the symbol XAG, is not only a precious metal but also a critical component in various industrial applications. With the rise of smart manufacturing and technological advancements, accessing historical prices for silver has become essential for developers and businesses alike. This blog post will delve into how you can access historical prices for Silver (XAG) using the Metals-API, a powerful tool designed for developers seeking to integrate metals data into their applications.

About Silver (XAG)

Silver has long been recognized for its intrinsic value and versatility. Beyond its traditional use in jewelry and investment, silver plays a crucial role in numerous industrial applications, including electronics, solar panels, and medical devices. The innovation in manufacturing processes has led to an increased demand for silver, making it vital for industries to monitor its price fluctuations closely.

Technological advancements in manufacturing have also transformed how silver is utilized. For instance, the integration of smart manufacturing technologies allows for real-time monitoring of silver usage in production lines, optimizing efficiency and reducing waste. Additionally, digital market analysis tools enable businesses to forecast silver prices based on historical data, helping them make informed decisions.

As the market for silver evolves, the need for accurate and timely data becomes more critical. This is where the Metals-API comes into play, providing developers with the tools necessary to access historical prices and other vital information about silver and other metals.

Metals-API Information

The Metals-API is designed to provide developers with comprehensive access to metals prices, including silver. This API offers a range of endpoints that allow users to retrieve real-time and historical data, making it an invaluable resource for anyone involved in the metals market.

One of the standout features of the Metals-API is its ability to deliver real-time exchange rate data, updated frequently based on the user's subscription plan. This ensures that developers have access to the most current information, which is essential for applications that rely on accurate pricing data.

Key Features and Endpoints

The Metals-API offers several key features that enhance its usability for developers:

  • Latest Rates Endpoint: This endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, the API can return data updated every 60 minutes or even more frequently.
  • Historical Rates Endpoint: Access historical rates for silver dating back to 2019. By appending a specific date to your query, you can retrieve the price of silver on that date, allowing for detailed market analysis.
  • Bid And Ask Endpoint: This feature enables developers to retrieve real-time bid and ask prices for silver, providing insights into market liquidity and pricing dynamics.
  • Convert Endpoint: The conversion feature allows users to convert amounts between different metals or to/from USD, facilitating transactions and calculations.
  • Time-Series Endpoint: This endpoint allows users to query daily historical rates between two chosen dates, making it easier to analyze trends over time.
  • Fluctuation Endpoint: Track how silver prices fluctuate over specific periods, providing insights into market volatility.
  • Open/High/Low/Close (OHLC) Price Endpoint: Retrieve detailed OHLC data for silver, which is essential for technical analysis and trading strategies.
  • Lowest/Highest Price Endpoint: This endpoint allows users to query the lowest and highest prices for silver over a specified period, aiding in market assessment.
  • Historical LME Endpoint: Access historical rates for LME symbols, dating back to 2008, which is particularly useful for those involved in trading on the London Metal Exchange.
  • API Key: Each user is assigned a unique API key, which is required for authentication when making requests to the API.
  • API Response: The API returns exchange rates relative to USD by default, ensuring consistency in data interpretation.
  • Supported Symbols Endpoint: This endpoint provides a constantly updated list of all available metal symbols, including silver, making it easy for developers to find the data they need.
  • Gold Price India Endpoint: Retrieve the latest gold prices in India, which can be useful for comparative analysis with silver prices.
  • News Endpoint: Stay updated with the latest news articles related to various metals, including silver, to keep abreast of market trends.

API Endpoint Examples and Responses

Understanding how to interact with the Metals-API is crucial for developers. Below are examples of various API endpoints and their expected responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1746580052,
    "base": "USD",
    "date": "2025-05-07",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

This response indicates a successful request for the latest rates, showing the price of silver (XAG) per troy ounce along with other metals.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1746493652,
    "base": "USD",
    "date": "2025-05-06",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

This example demonstrates how to retrieve historical rates for silver on a specific date, allowing for detailed analysis of price movements.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-04-30",
    "end_date": "2025-05-07",
    "base": "USD",
    "rates": {
        "2025-04-30": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-05-02": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-05-07": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

The time-series response provides daily rates for silver over a specified period, which is invaluable for trend analysis.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1746580052,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response shows how to convert an amount from USD to silver (XAU), providing the conversion rate and resulting amount.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-04-30",
    "end_date": "2025-05-07",
    "base": "USD",
    "rates": {
        "XAU": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        },
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        }
    },
    "unit": "per troy ounce"
}

This endpoint allows users to track fluctuations in silver prices over a specified period, providing insights into market volatility.

OHLC (Open/High/Low/Close) Price Endpoint

{
    "success": true,
    "timestamp": 1746580052,
    "base": "USD",
    "date": "2025-05-07",
    "rates": {
        "XAU": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        },
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        }
    },
    "unit": "per troy ounce"
}

The OHLC data is crucial for traders and analysts who rely on historical price movements to make informed decisions.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1746580052,
    "base": "USD",
    "date": "2025-05-07",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

This response provides the current bid and ask prices for silver, which is essential for understanding market dynamics and making trading decisions.

Conclusion

Accessing historical prices for Silver (XAG) through the Metals-API opens up a world of possibilities for developers and businesses alike. With its robust set of features, including real-time data, historical rates, and various endpoints for conversion and fluctuation tracking, the Metals-API empowers users to build next-generation applications that can analyze and respond to market changes effectively.

As industries continue to evolve and embrace digital transformation, having access to accurate metals data will be crucial for staying competitive. The Metals-API not only provides the necessary tools for accessing this data but also supports developers in creating innovative solutions that leverage real-time insights.

For more information on how to get started with the Metals-API, visit the Metals-API Documentation and explore the comprehensive Metals-API Supported Symbols list to find the data you need. Whether you are looking to analyze historical trends or integrate real-time pricing into your applications, the Metals-API is your go-to resource for all things related to metals data.

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