Collect Mumbai Silver (XAG-MUMB) Historical Price Data from this API

In the world of precious metals, silver (XAG) holds a significant place not only as a valuable commodity but also as a versatile industrial metal. Collecting historical price data for silver, particularly in the Mumbai market, can provide valuable insights for investors, manufacturers, and analysts alike. With the advent of technology, accessing this data has become easier than ever, thanks to APIs like Metals-API. This blog post will delve into the capabilities of Metals-API, focusing on how to retrieve historical price data for silver and explore the broader implications of this data in various sectors.

About Silver (XAG)

Silver, represented by the symbol XAG, is not just a precious metal; it is a critical component in various industrial applications. From electronics to solar panels, silver's conductivity and reflectivity make it indispensable in modern technology. As industries evolve, the demand for silver continues to grow, driven by innovations in manufacturing and smart technologies.

In the realm of digital market analysis, understanding the historical price trends of silver can help stakeholders make informed decisions. The integration of smart manufacturing technologies has further enhanced the efficiency of silver utilization, leading to optimized supply chains and reduced costs. By leveraging real-time data, businesses can adapt to market fluctuations and maintain a competitive edge.

Metals-API Overview

Metals-API is a powerful tool that provides real-time and historical data for various metals, including silver. This API empowers developers to build next-generation applications that require accurate and timely metals data. With its user-friendly interface and comprehensive documentation, Metals-API simplifies the process of accessing metal prices, making it an essential resource for developers and analysts alike.

For more information, you can visit the Metals-API Website or check out the Metals-API Documentation for detailed guidance on how to implement the API in your projects.

Key Features of Metals-API

Metals-API offers a range of endpoints that cater to different data needs, making it a versatile tool for developers. Here are some of the key features:

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for silver and other metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is crucial for traders and investors who need to monitor price changes closely.

{
    "success": true,
    "timestamp": 1764082856,
    "base": "USD",
    "date": "2025-11-25",
    "rates": {
        "XAU": 0.000482,
        "XAG": 0.03815,
        "XPT": 0.000912,
        "XPD": 0.000744
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

Accessing historical rates is essential for analyzing price trends over time. The Historical Rates Endpoint allows users to query historical data for silver dating back to 2019. By appending a specific date to the API request, developers can retrieve past prices, enabling them to conduct thorough market analyses.

{
    "success": true,
    "timestamp": 1763996456,
    "base": "USD",
    "date": "2025-11-24",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915
    },
    "unit": "per troy ounce"
}

Time-Series Endpoint

The Time-Series Endpoint is particularly useful for those looking to analyze price movements over a specific period. By querying this endpoint, users can obtain daily historical rates between two chosen dates, providing a comprehensive view of price fluctuations.

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-11-18",
    "end_date": "2025-11-25",
    "base": "USD",
    "rates": {
        "2025-11-18": {
            "XAU": 0.000485,
            "XAG": 0.03825
        },
        "2025-11-20": {
            "XAU": 0.000483,
            "XAG": 0.0382
        },
        "2025-11-25": {
            "XAU": 0.000482,
            "XAG": 0.03815
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one metal to another or to/from USD. This feature is particularly beneficial for businesses that deal with multiple currencies and need to perform conversions regularly.

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1764082856,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Understanding how prices fluctuate is crucial for making informed trading decisions. The Fluctuation Endpoint provides insights into rate changes between two specified dates, allowing users to track market volatility.

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-11-18",
    "end_date": "2025-11-25",
    "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"
}

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

The OHLC Price Endpoint provides essential data for traders who rely on candlestick charts. This endpoint returns the open, high, low, and close prices for a specific time period, enabling traders to analyze market trends effectively.

{
    "success": true,
    "timestamp": 1764082856,
    "base": "USD",
    "date": "2025-11-25",
    "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"
}

Bid/Ask Endpoint

The Bid/Ask Endpoint provides current bid and ask prices for metals, which is crucial for traders looking to execute buy or sell orders. This feature helps users understand the market depth and make informed trading decisions.

{
    "success": true,
    "timestamp": 1764082856,
    "base": "USD",
    "date": "2025-11-25",
    "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"
}

Understanding API Responses

Each API response from Metals-API is structured to provide clear and concise information. The responses typically include fields such as success, timestamp, base, date, rates, and unit. Understanding these fields is essential for developers to effectively utilize the API.

• success: Indicates whether the API request was successful.
• timestamp: The time at which the data was retrieved, useful for ensuring data freshness.
• base: The base currency against which the rates are provided, typically USD.
• date: The date for which the rates are applicable.
• rates: An object containing the exchange rates for various metals.
• unit: Specifies the unit of measurement, usually per troy ounce.

Practical Use Cases

Metals-API can be integrated into various applications, providing developers with the tools to create innovative solutions. Here are some practical use cases:

Investment Platforms

Investment platforms can leverage Metals-API to provide users with real-time and historical data on silver prices. This information can help investors make informed decisions based on market trends and price movements.

Manufacturing Analytics

Manufacturers can utilize historical price data to analyze cost trends and optimize their supply chains. By understanding how silver prices fluctuate, businesses can make strategic purchasing decisions that enhance profitability.

Financial Analysis Tools

Financial analysts can use the API to build tools that track price changes, analyze market volatility, and generate reports. This data can be invaluable for forecasting and risk management.

Conclusion

Collecting historical price data for silver (XAG) in the Mumbai market is made easy with Metals-API. This powerful API provides a wealth of information through its various endpoints, allowing developers to create applications that cater to the needs of investors, manufacturers, and analysts. By understanding the capabilities of Metals-API and how to effectively utilize its features, users can gain valuable insights into the silver market.

For further exploration, check out the Metals-API Supported Symbols to see the full range of metals available through the API. Whether you are building an investment platform, a manufacturing analytics tool, or a financial analysis application, Metals-API is an essential resource for accessing real-time and historical metals data.