Collect Bangalore Silver (XAG-BANG) Historical Prices utilizing this API

Introduction

In the world of precious metals, Silver (XAG) holds a significant place not only as a valuable commodity but also as a critical component in various industrial applications. Collecting historical prices of Silver, particularly in the context of Bangalore, can provide valuable insights for investors, manufacturers, and analysts alike. Utilizing the Metals-API allows developers to access real-time and historical data on Silver prices, enabling them to make informed decisions based on accurate and timely information.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal used for jewelry and investment; it plays a vital role in numerous industrial applications. From electronics to solar panels, Silver's conductivity and reflectivity make it indispensable in modern technology. The integration of smart manufacturing and supply chain technology has further enhanced the demand for Silver, as industries seek to optimize production processes and reduce costs.

Industrial Applications and Innovation

Silver's unique properties have led to its widespread use in various industries. In electronics, Silver is used in circuit boards, connectors, and other components due to its excellent conductivity. The rise of electric vehicles and renewable energy technologies has also spurred demand for Silver in photovoltaic cells. As industries innovate, the need for reliable data on Silver prices becomes crucial for forecasting and strategic planning.

Technology in Manufacturing

With the advent of Industry 4.0, manufacturers are increasingly adopting technologies that enhance efficiency and reduce waste. Smart manufacturing integrates IoT devices, AI, and data analytics to optimize production lines. Access to real-time Silver price data through the Metals-API can help manufacturers make timely purchasing decisions, ensuring they secure the best prices for their raw materials.

Digital Market Analysis

The digital marketplace for Silver has grown significantly, with online trading platforms and e-commerce sites facilitating transactions. Understanding market trends and historical price movements is essential for traders and investors. The Metals-API provides historical rates dating back to 2019, allowing users to analyze price trends and make data-driven decisions.

Smart Manufacturing Integration

Integrating Silver price data into manufacturing systems can streamline operations. For instance, automated systems can adjust purchasing strategies based on real-time price fluctuations, ensuring that manufacturers always have the best rates. The Metals-API's fluctuation endpoint allows users to track how Silver prices change over time, providing insights that can inform purchasing strategies.

Supply Chain Technology

Effective supply chain management is crucial for industries reliant on Silver. By utilizing the Metals-API, businesses can gain insights into price trends and fluctuations, allowing them to optimize their supply chains. The API's historical rates endpoint enables users to access past prices, which can be invaluable for forecasting future costs and managing inventory effectively.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data on various metals, including Silver. This API empowers developers to build next-generation applications that require accurate metals data. With its robust features, the Metals-API is designed to support a wide range of use cases, from financial analysis to industrial applications.

Key Features and Endpoints

The Metals-API offers several key features that enhance its usability and functionality:

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data for Silver and other metals, updated every 60 minutes or more frequently. This is essential for traders who need the most current pricing information.
• Historical Rates Endpoint: Users can access historical rates for Silver dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, which is crucial for trend analysis and forecasting.
• Bid And Ask Endpoint: This feature allows users to retrieve real-time bid and ask prices for Silver, providing insights into market conditions and helping traders make informed decisions.
• Convert Endpoint: The API includes a currency conversion feature that enables users to convert amounts from one metal to another or to/from USD, facilitating transactions across different currencies.
• Time-Series Endpoint: This endpoint allows users to query daily historical rates between two specified dates, making it easier to analyze price movements over time.
• Fluctuation Endpoint: Users can track how Silver prices fluctuate on a day-to-day basis, providing valuable insights into market volatility.
• Carat Endpoint: This feature allows users to retrieve information about Gold rates by Carat, which can be useful for those dealing in precious metals.
• Lowest/Highest Price Endpoint: This endpoint enables users to query the API for the lowest and highest prices of Silver over a specified period, aiding in market analysis.
• Open/High/Low/Close (OHLC) Price Endpoint: Users can access OHLC data for Silver, which is essential for traders looking to analyze market trends.
• Historical LME Endpoint: This endpoint provides access to historical rates for LME symbols, dating back to 2008, which can be useful for comprehensive market analysis.
• API Key: Each user is assigned a unique API key that must be included in requests to authenticate access to the API.
• API Response: The API delivers exchange rates relative to USD, with all data returned in a structured JSON format, making it easy to integrate into applications.
• Available Endpoints: The Metals-API offers a variety of endpoints, each providing different functionalities to cater to diverse user needs.
• Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available metal symbols, ensuring users have access to the latest information.
• Gold Price India Endpoint: Users can retrieve the latest gold price in India using this dedicated endpoint, which can be beneficial for investors in the region.
• News Endpoint: The API allows users to retrieve the latest news articles related to various metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rates for all available metals, including Silver. Here’s an example of a typical response:

{
    "success": true,
    "timestamp": 1750554115,
    "base": "USD",
    "date": "2025-06-22",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744,
        "XCU": 0.294118,
        "XAL": 0.434783,
        "XNI": 0.142857,
        "XZN": 0.344828
    },
    "unit": "per troy ounce"
}

This response indicates that the current price of Silver (XAG) is 0.03815 per troy ounce, relative to USD.

Historical Rates Endpoint

The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. Here’s an example response:

{
    "success": true,
    "timestamp": 1750467715,
    "base": "USD",
    "date": "2025-06-21",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This response shows the historical price of Silver on June 21, 2025, allowing users to analyze past market conditions.

Time-series Endpoint

The Time-series Endpoint provides exchange rates for a specific time period. Here’s an example response:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-06-15",
    "end_date": "2025-06-22",
    "base": "USD",
    "rates": {
        "2025-06-15": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-06-17": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-06-22": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time series of Silver prices over a week, enabling users to observe trends and fluctuations.

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. Here’s an example response:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1750554115,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

This response indicates that converting 1000 USD results in 0.482 troy ounces of Gold (XAU).

Fluctuation Endpoint

The Fluctuation Endpoint tracks rate fluctuations between two dates. Here’s an example response:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-06-15",
    "end_date": "2025-06-22",
    "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
        },
        "XPT": {
            "start_rate": 0.000915,
            "end_rate": 0.000912,
            "change": -3.0e-6,
            "change_pct": -0.33
        }
    },
    "unit": "per troy ounce"
}

This response provides insights into how Silver prices have changed over the specified period, highlighting both the absolute and percentage changes.

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

The OHLC Price Endpoint provides open, high, low, and close prices for a specific time period. Here’s an example response:

{
    "success": true,
    "timestamp": 1750554115,
    "base": "USD",
    "date": "2025-06-22",
    "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
        },
        "XPT": {
            "open": 0.000915,
            "high": 0.000918,
            "low": 0.00091,
            "close": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a comprehensive view of Silver's price movements throughout the day, which is essential for traders looking to analyze market behavior.

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals. Here’s an example response:

{
    "success": true,
    "timestamp": 1750554115,
    "base": "USD",
    "date": "2025-06-22",
    "rates": {
        "XAU": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        },
        "XAG": {
            "bid": 0.0381,
            "ask": 0.0382,
            "spread": 0.0001
        },
        "XPT": {
            "bid": 0.000911,
            "ask": 0.000913,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

This response provides the current bid and ask prices for Silver, along with the spread, which is crucial for traders looking to execute buy or sell orders.

Conclusion

In conclusion, collecting historical prices of Silver (XAG) using the Metals-API offers a wealth of opportunities for developers and businesses alike. By leveraging the API's extensive features, including real-time rates, historical data, and various endpoints, users can gain valuable insights into market trends and make informed decisions. Whether you are a trader, manufacturer, or analyst, the Metals-API provides the tools necessary to navigate the complex world of precious metals effectively. For more information, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive understanding of available data.