Get Malappuram Silver (MALA-XAG) Historical Prices using this API

Introduction

In the world of precious metals, silver, represented by the symbol XAG, holds a significant place not only for its aesthetic value but also for its industrial applications. As a developer or a financial analyst, accessing historical prices of silver is crucial for market analysis, investment strategies, and understanding price trends. This blog post will guide you on how to retrieve historical prices of Malappuram Silver (MALA-XAG) using the Metals-API. We will delve into the capabilities of the Metals-API, explore the various endpoints available, and discuss how to effectively utilize this powerful tool to enhance your applications.

About Silver (XAG)

Silver, known for its lustrous appearance and high conductivity, is not just a precious metal for jewelry and coins; it plays a pivotal role in various industrial applications. From electronics to solar panels, silver's unique properties make it an essential component in modern technology. The integration of smart manufacturing and supply chain technology has further amplified the demand for silver, making it imperative for developers to have access to real-time and historical data.

Industrial Applications and Innovation

The industrial applications of silver are vast. In electronics, silver is used in circuit boards and connectors due to its excellent conductivity. In the renewable energy sector, silver plays a crucial role in photovoltaic cells, which convert sunlight into electricity. As technology continues to evolve, the demand for silver in innovative applications is expected to rise, making it essential for developers to track historical prices to anticipate market trends.

Technology in Manufacturing

Advancements in manufacturing technology have transformed how silver is processed and utilized. Smart manufacturing techniques, such as automation and data analytics, allow for more efficient production processes. By leveraging the Metals-API Documentation, developers can integrate real-time data into manufacturing systems, enabling better decision-making and resource allocation.

Digital Market Analysis

The digital marketplace for silver is dynamic, influenced by various factors including economic indicators, geopolitical events, and market sentiment. By utilizing the Metals-API, developers can access historical data to perform comprehensive market analyses. This data can be used to create predictive models, helping investors make informed decisions based on past trends.

Smart Manufacturing Integration

Integrating real-time metals data into smart manufacturing systems can optimize production schedules and inventory management. The Metals-API provides endpoints that allow developers to retrieve the latest rates, historical prices, and even fluctuations in silver prices. This integration can lead to significant cost savings and improved operational efficiency.

Supply Chain Technology

Incorporating supply chain technology with real-time metals data can enhance transparency and traceability. By accessing historical prices through the Metals-API, businesses can better manage their supply chains, ensuring they are purchasing silver at optimal prices. This can lead to improved profit margins and reduced risks associated with price volatility.

API Description

The Metals-API is a powerful tool designed to provide developers with real-time and historical data on various metals, including silver. This API empowers developers to build next-generation applications that require accurate and timely metals data. With its robust features, the Metals-API can transform how businesses and developers interact with precious metals markets.

Key Features and Endpoints

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

• Latest Rates Endpoint: Depending on your subscription plan, this endpoint provides real-time exchange rate data updated every 60 minutes, every 10 minutes, or even more frequently. This feature is essential for applications that require up-to-the-minute pricing information.
• Historical Rates Endpoint: Access historical rates for most currencies dating back to 2019. By appending a specific date to your query, you can retrieve historical prices for silver, allowing for in-depth market analysis.
• Bid and Ask Endpoint: This powerful feature enables you to retrieve real-time bid and ask prices for silver, providing insights into market dynamics and helping traders make informed decisions.
• Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing you to convert any amount from one metal to another or to/from USD. This is particularly useful for applications that require multi-currency support.
• Time-Series Endpoint: Query the API for daily historical rates between two dates of your choice. This feature is invaluable for analyzing trends over specific periods.
• Fluctuation Endpoint: Retrieve information about how silver prices fluctuate on a day-to-day basis. This can help in understanding market volatility and making strategic decisions.
• Carat Endpoint: Access information about gold rates by carat, which can be useful for applications dealing with jewelry and precious metals.
• Lowest/Highest Price Endpoint: Query the API to get the lowest and highest price for silver on a given date, providing insights into market extremes.
• Open/High/Low/Close (OHLC) Price Endpoint: This endpoint allows you to retrieve the open, high, low, and close prices for silver, which are critical for technical analysis.
• Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, which can be beneficial for long-term market studies.
• API Key: Your unique API key is required to access the Metals-API, ensuring secure and authorized usage.
• API Response: The API delivers exchange rates relative to USD by default, with all data returned in a structured JSON format.
• Available Endpoints: The Metals-API provides 14 different endpoints, each offering unique functionalities to cater to various needs.
• Supported Symbols Endpoint: This endpoint returns all available currencies, allowing developers to stay updated on the symbols they can use.
• News Endpoint: Retrieve the latest news articles related to various metals, providing context and insights into market movements.

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 metals into their applications.

API Endpoint Examples and Responses

Understanding the API responses is crucial for effective integration. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals:

{
    "success": true,
    "timestamp": 1761231692,
    "base": "USD",
    "date": "2025-10-23",
    "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"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999:

{
    "success": true,
    "timestamp": 1761145292,
    "base": "USD",
    "date": "2025-10-22",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period:

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-10-16",
    "end_date": "2025-10-23",
    "base": "USD",
    "rates": {
        "2025-10-16": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-10-18": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-10-23": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD:

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1761231692,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates:

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-10-16",
    "end_date": "2025-10-23",
    "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"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period:

{
    "success": true,
    "timestamp": 1761231692,
    "base": "USD",
    "date": "2025-10-23",
    "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"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals:

{
    "success": true,
    "timestamp": 1761231692,
    "base": "USD",
    "date": "2025-10-23",
    "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"
}

Conclusion

Accessing historical prices of Malappuram Silver (MALA-XAG) through the Metals-API is not only feasible but also essential for developers and analysts looking to make informed decisions in the precious metals market. The API's robust features, including real-time rates, historical data, and various endpoints, empower users to build sophisticated applications that can analyze trends, optimize manufacturing processes, and enhance supply chain management.

By leveraging the capabilities of the Metals-API, you can stay ahead in the competitive landscape of precious metals trading. Whether you are developing a financial application, conducting market research, or integrating metals data into existing systems, the Metals-API provides the tools necessary for success. For more information, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for comprehensive insights into available data.