Get Silver (NYM $/ozt) Front Month (SI1) prices using this API

Get Silver (NYM $/ozt) Front Month (SI1) Prices Using This API

In the ever-evolving landscape of precious metals trading, the ability to access real-time data is crucial for developers and traders alike. The Metals-API provides an innovative solution for obtaining Silver (XAG) prices and other metal data, empowering users to create next-generation applications that leverage real-time information. This blog post delves into the intricacies of Silver markets, the transformative capabilities of the Metals-API, and how developers can harness its features to build powerful applications.

Metals-API Information

About Silver (XAG)

Silver, represented by the symbol XAG, is not only a precious metal but also a vital industrial commodity. Its applications span various sectors, including electronics, solar energy, and medical technologies. As industries innovate and evolve, the demand for Silver continues to grow, making it essential for developers to stay informed about market trends and price fluctuations.

Technological advancements in manufacturing have also played a significant role in Silver's market dynamics. The integration of smart manufacturing techniques has led to more efficient production processes, reducing costs and increasing output. Furthermore, digital market analysis tools have emerged, allowing traders to make informed decisions based on real-time data and historical trends.

Supply chain technology has also transformed how Silver is sourced and distributed. With the rise of blockchain and IoT, tracking the journey of Silver from mine to market has become more transparent and efficient. This level of visibility is crucial for developers looking to create applications that require accurate and timely data.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data for various metals, including Silver. This API is designed to facilitate the development of applications that require accurate pricing information, enabling users to make data-driven decisions.

With the Metals-API, developers can access a range of features that enhance their applications. The API's capabilities include retrieving the latest rates, historical data, bid and ask prices, and even converting between different metals and currencies. This versatility allows for a wide array of use cases, from trading platforms to financial analysis tools.

For more detailed information about the API's capabilities, developers can refer to the Metals-API Documentation, which provides comprehensive guidance on implementation and usage.

Key Features and Endpoints

The Metals-API offers several key features that developers can leverage to enhance their applications:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for Silver and other metals, updated every 60 minutes, 10 minutes, or even more frequently, depending on the subscription plan. This feature is essential for applications that require up-to-the-minute pricing information.
Historical Rates Endpoint: Developers can access historical rates dating back to 2019 by appending a specific date to the API request. This functionality is invaluable for analyzing trends and making informed predictions based on past performance.
Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for Silver, providing insights into market liquidity and pricing dynamics.
Convert Endpoint: The API includes a currency conversion feature, enabling users 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: Developers can query the API for daily historical rates between two specified dates, allowing for in-depth analysis of price movements over time.
Fluctuation Endpoint: This endpoint provides information about how Silver prices fluctuate on a day-to-day basis, helping traders understand market volatility.
Carat Endpoint: Users can retrieve information about Gold rates by Carat, which is useful for applications focused on jewelry and precious metal trading.
Lowest/Highest Price Endpoint: This feature allows developers 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: This endpoint provides open, high, low, and close prices for Silver, which are critical for traders looking to analyze market performance.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, providing a long-term perspective on market trends.
API Key: Each user is assigned a unique API key, which must be included in requests to authenticate access to the API.
API Response: The API delivers exchange rates relative to USD by default, ensuring consistency in data interpretation.
Available Endpoints: The Metals-API provides a comprehensive list of endpoints, each tailored to specific functionalities, which can be explored in detail in the Metals-API Supported Symbols page.
Gold Price India Endpoint: Retrieve the latest gold price in India, catering to regional market needs.
News Endpoint: Stay updated with the latest news articles related to various metals, providing context and insights into market movements.

API Endpoint Examples and Responses

Understanding the API's response structure is crucial for developers. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1747548010,
    "base": "USD",
    "date": "2025-05-18",
    "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 API successfully retrieved the latest rates for various metals, including Silver (XAG), which is priced at 0.03815 per troy ounce.

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1747461610,
    "base": "USD",
    "date": "2025-05-17",
    "rates": {
        "XAU": 0.000485,
        "XAG": 0.03825,
        "XPT": 0.000915,
        "XPD": 0.000748
    },
    "unit": "per troy ounce"
}

This example shows the historical rates for Silver on a specific date, allowing developers to analyze past performance and trends.

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-05-11",
    "end_date": "2025-05-18",
    "base": "USD",
    "rates": {
        "2025-05-11": {
            "XAU": 0.000485,
            "XAG": 0.03825,
            "XPT": 0.000915
        },
        "2025-05-13": {
            "XAU": 0.000483,
            "XAG": 0.0382,
            "XPT": 0.000913
        },
        "2025-05-18": {
            "XAU": 0.000482,
            "XAG": 0.03815,
            "XPT": 0.000912
        }
    },
    "unit": "per troy ounce"
}

This response provides a time-series view of Silver prices, enabling developers to visualize trends over a specified period.

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XAU",
        "amount": 1000
    },
    "info": {
        "timestamp": 1747548010,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

The Convert Endpoint allows users to convert amounts between different metals and currencies. In this case, it shows that 1000 USD is equivalent to 0.482 troy ounces of Gold.

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-05-11",
    "end_date": "2025-05-18",
    "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 endpoint tracks the fluctuations in Silver prices over a specified period, providing valuable insights into market volatility.

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

{
    "success": true,
    "timestamp": 1747548010,
    "base": "USD",
    "date": "2025-05-18",
    "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"
}

The OHLC endpoint provides critical data for traders, allowing them to analyze market performance based on opening, closing, highest, and lowest prices.

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1747548010,
    "base": "USD",
    "date": "2025-05-18",
    "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, essential for traders looking to execute buy and sell orders effectively.

Conclusion

The Metals-API is a powerful resource for developers seeking to integrate real-time Silver pricing and other metal data into their applications. By leveraging the API's extensive features, including the latest rates, historical data, and conversion capabilities, developers can create innovative solutions that meet the demands of today's dynamic markets.

As industries continue to evolve and the demand for accurate metal pricing grows, the Metals-API stands out as a reliable partner for developers. For more information on how to implement these features, refer to the Metals-API Documentation and explore the Metals-API Supported Symbols for a comprehensive list of available data.

In summary, the Metals-API not only provides essential data for trading and analysis but also empowers developers to build applications that can adapt to the ever-changing landscape of the metals market. By utilizing this API, developers can ensure they are equipped with the tools necessary to succeed in the competitive world of precious metals.

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Documentation

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Knowledge Base

Get Silver (NYM $/ozt) Front Month (SI1) prices using this API