Access Mumbai Silver (MUMB-XAG) prices with this API

Access Mumbai Silver (MUMB-XAG) Prices with This API

In the ever-evolving landscape of precious metals trading, having access to real-time data is crucial for traders, manufacturers, and investors alike. The Metals-API provides a robust solution for accessing the latest prices of silver, specifically the Mumbai Silver (MUMB-XAG) prices, along with a plethora of other metals. This blog post delves into the intricacies of silver as a commodity, the innovative capabilities of the Metals-API, and how developers can leverage this API to create next-generation applications.

About Silver (XAG)

Silver, denoted by the symbol XAG, is not just a precious metal; it plays a pivotal role in various industrial applications. Its unique properties make it an essential component in electronics, solar panels, and medical devices. The demand for silver is driven not only by its aesthetic appeal in jewelry but also by its functionality in technology and manufacturing.

As industries evolve, the integration of smart manufacturing technologies is becoming increasingly prevalent. Silver's role in these innovations cannot be understated. For instance, in the realm of electronics, silver is used in conductive inks and coatings, enhancing the performance of devices. Furthermore, the digital market analysis of silver prices can provide insights into market trends, helping businesses make informed decisions.

Supply chain technology also plays a significant role in the silver market. With the rise of blockchain and IoT, tracking the provenance of silver and ensuring its authenticity has become more streamlined. This transparency is crucial for manufacturers and consumers alike, fostering trust in the market.

API Description

The Metals-API is designed to empower developers with real-time data on metal prices, including silver. This API is a transformative tool that enables the creation of applications that can analyze, visualize, and utilize metals data effectively. With its advanced capabilities, developers can build applications that cater to various industries, from finance to manufacturing.

One of the standout features of the Metals-API is its ability to provide real-time exchange rate data. Depending on your subscription plan, the API can return the latest rates updated every 60 minutes or even every 10 minutes. This ensures that users have access to the most current market information, which is vital for making timely trading decisions.

The API also offers historical rates dating back to 2019, allowing users to analyze price trends over time. This feature is particularly useful for businesses looking to understand market fluctuations and make strategic decisions based on historical data.

Moreover, the Metals-API includes a Bid and Ask endpoint, which provides real-time bid and ask prices for metals. This feature is essential for traders who need to know the current market conditions before executing trades.

Key Features and Endpoints

The Metals-API boasts a variety of endpoints that cater to different needs. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for all available metals. For example, a request to this endpoint might return data like:

{
    "success": true,
    "timestamp": 1763341325,
    "base": "USD",
    "date": "2025-11-17",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint: Access historical exchange rates for any date since 1999. This is particularly useful for analyzing market trends over time. An example response might look like:

{
    "success": true,
    "timestamp": 1763254925,
    "base": "USD",
    "date": "2025-11-16",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals. For instance:

{
    "success": true,
    "timestamp": 1763341325,
    "base": "USD",
    "date": "2025-11-17",
    "rates": {
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint: This endpoint allows users to convert any amount from one metal to another or to/from USD. For example:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAG",
        "amount": 1000
    },
    "info": {
        "timestamp": 1763341325,
        "rate": 0.03815
    },
    "result": 38.15,
    "unit": "troy ounces"
}

Time-Series Endpoint: This endpoint allows users to query the API for daily historical rates between two dates of their choice. An example response might be:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-11-10",
    "end_date": "2025-11-17",
    "base": "USD",
    "rates": {
        "2025-11-10": {
            "XAG": 0.03825
        },
        "2025-11-17": {
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Fluctuation Endpoint: This endpoint provides information about how currencies fluctuate on a day-to-day basis. For example:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-11-10",
    "end_date": "2025-11-17",
    "base": "USD",
    "rates": {
        "XAG": {
            "start_rate": 0.03825,
            "end_rate": 0.03815,
            "change": -0.0001,
            "change_pct": -0.26
        }
    },
    "unit": "per troy ounce"
}

OHLC (Open/High/Low/Close) Price Endpoint: This endpoint allows users to query the API to get the open, high, low, and close prices for a specific time period. An example response might look like:

{
    "success": true,
    "timestamp": 1763341325,
    "base": "USD",
    "date": "2025-11-17",
    "rates": {
        "XAG": {
            "open": 0.03825,
            "high": 0.0383,
            "low": 0.0381,
            "close": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Each of these endpoints provides unique functionalities that can be leveraged for various applications, from trading platforms to analytical tools. The flexibility of the Metals-API allows developers to create tailored solutions that meet specific business needs.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate multiple metal types into their applications.

Conclusion

In conclusion, the Metals-API offers a powerful suite of tools for accessing real-time and historical data on silver and other metals. With its extensive range of endpoints, developers can create innovative applications that enhance trading strategies, improve market analysis, and streamline manufacturing processes. The integration of this API into your systems can lead to significant advancements in how you manage and utilize metals data.

For more information on how to get started, visit the Metals-API Documentation for detailed guidance on implementation and usage. Embrace the future of metals trading and analysis with the Metals-API, and unlock the potential of real-time data in your applications.

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Access Mumbai Silver (MUMB-XAG) prices with this API